Sunday, March 16, 2014

India is Dubai's largest non oil trading partner in 2013-14

India is Dubai's largest non oil trading partner in 2013-14
  • As per the report released by the Dubai Department of Economic Development, India has once again emerged as the largest non oil trading partner of Dubai in 2013-14. 
  • The exports and re-exports from India have also marked significant rise in this period.
  •  The bilateral trade between the two countries in 2013-14 crossed $37 billion i.e. 10% of the overall trade.
  • In terms of bilateral trade with Dubai, India was followed by China, US, Saudi Arabia and UK.
  • Bilateral Trade of four countries with Dubai 
    • China – bilateral trade was of about 36.7 billion US dollar
    • US – bilateral trade was of about 23.4 billion US dollar
    • Saudi Arabia - bilateral trade was of about 23 billion US dollar 
    • UK - bilateral trade was of about 15.2 billion US dollar
  • In terms as the export partners India, Turkey and Switzerland emerged as the leading countries. In re-exports, Saudi Arabia booked the first position followed by India and Iraq. 
  • China emerged at the top position in the list of top imports partner and was followed by US and India.

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