#Dubai’s non-oil foreign trade reaches $353bln in 2018 | ZAWYA MENA Edition

Dubai’s non-oil foreign trade reaches $353bln in 2018 | ZAWYA MENA Edition:

Dubai’s external non-oil trade in 2018 reached AED1.3 trillion despite challenges facing global trade growth resulting from trade tensions between major economic powers and a global growth slowdown that has led to currency rate volatility in developing countries.

The latest trade figures show that Dubai is moving forward steadily as a leading international and regional trade hub that efficiently connects diverse international markets. The emirate’s overall trade performance reflects its status as one of the world’s best performing trade logistics service providers.

According to Dubai Customs, trade through free zones in 2018 grew by 23 percent to AED532 billion. Direct trade touched AED757 billion while customs warehouse trade weighed in at AED10.4 billion.