Data showed that Dubai’s non-government exports and re-exports soared 16.5% in the first half of 2011 from a year earlier.
Dubai Chamber of Commerce and Industry said the value of exports and re-exports of its members went up to 120.2 billion dirhams in the first six months of this year from 103.2 billion dirhams in the same period in 2010.
Data from Dubai customs showed direct trade advanced 34% in the first quarter to 183 billion dirhams.
Moreover, one of the seven members of the UAE Federation, the OPEC producer’s trade and business hub is recovering from last year’s $25 billion debt restructuring in Dubai World after its 2009 standstill sent global markets reeling.
Further to this, top Dubai officials said in June that key sectors such as trade, tourism, air transport, and services went up in the first half.
May saw the most exports and re-exports with 22.1 billion dirhams, 26% up from a year earlier whereas February had the lowest values.