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2011-05-20

India Dubai's biggest trade partner

In Jan-Feb they made more than

India Dubai's biggest trade partner

During January and February, the direct trade volume between India and Dubai has jumped to more than dirham 36 billion. India Dubai's biggest trade partner in Jan-Feb said a report by Dubai Customs. India was Dubai's main import, export and re-export trading partner for the first two months of 2011, while the emirate's non-petroleum direct international trade shot up 31 percent to 113 billion dirhams ($30 billion) compared to 86 billion dirhams in the same period last year. Ahmed Butti Ahmed, executive chairman of Ports, Customs and Free Zone, and director general of Dubai Customs said the report announced at the end of February showed a highest trade value record during the first two months of this year compared to the same period in last five years consecutively. All major trade activities, driven by growth in exports, re-exports and imports recorded positive turnovers during this period. China came second in Dubai's imports with 7.4 billion dirhams and the US was at third position with 4.8 billion dirhams.

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