Trade between India and Dubai has reached over $20.5 billion (77 billion dirhams) in the first six months of 2012, accounting for 13 per cent of Dubai’s total foreign trade.
Executive Chairman, Ports, Customs and Free Zone, and the Director-General of Dubai Customs, Ahmed Butti Ahmed, said the total value of Dubai’s imports from India reached $9.5 billion (35 billion dirhams) during the first six months of 2012. The imports primarily include diamonds, jewellery, electronic devices and mineral oil.
The value of exports to India, comprising mainly gold, diamonds, jewellery and copper wires, stood at $5.17 billion (19 billion dirhams) during the same period.
The value of Dubai’s re-exports to India (mainly diamonds, jewellery and silver) stood at $5.98 billion (22 billion dirhams).
Following his meeting with the Indian Economic Consul to Dubai, T. Tiju Ahmed said Dubai’s trade relationship with India has been witnessing a considerable growth. This has been due mainly to the distinctive ties between the Governments and people of the two countries and the joint economic agreements.