UAE Non-Oil Foreign Trade Hits AED401 Billion In Q1 2017

The UAE total non-oil foreign trade volume of Q1 2017 reached approximately AED401 billion against AED388 billion during the same period last year, a growth of 3.2 percent, according to statistics released by the Federal Customs Authority.

Direct foreign trade, which represents 68 percent of the UAE’s total trade volume, was valued at AED272 billion during the same period, while the Free Zone Trade represented 32 percent of the UAE total trade volume at a value of AED129 billion.

Commissioner Ali Al Ka’abi, Head of the Federal Customs Authority, FCA, has said in a press statement, that the total non-oil trade of the state in the past period has seen a remarkable stability due to the economic diversification and declining oil sector’s contribution to GDP in favour of the productive and service sectors.