| Date: |
24-05-2012 |
| Subject: |
India is UAE's top trade partner in 2011 |
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DUBAI: India emerged as the top trading partner for UAE last year with the Gulf nation's import from the country estimated at $ 28.5 billion and exports at $ 36.2 billion, according to official data.
Among the 10 countries that comprised almost 61 per cent of the total value of imports of UAE worth $ 100.6 billion in 2011, India emerged as the top nation with $ 28.5 billion, followed by China at $ 14.97 billion and the US at $ 14.2 billion, Federal Customs Authority said in a statement.
It added that among the 10 biggest export destinations for the UAE that constituted nearly 69 per cent of the country's exports at $ 21.32 billion, shipments to India touched $ 9.8 billion, with the balance of trade in favour of India.
Switzerland took the second position with a volume of $ 3.9 billion, followed by Saudi Arabia at $ 1.5 billion.
Source : economictimes.indiatimes.com
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