Phones top other commodities in Dubai’s foreign trade

August 31, 2014 9:27 am

Dubai Customs figures showed that Dubai’s phones and personal computers (PC) market share was 17% of the total trade value of the emirate’s foreign trade in the first half of the year, Trade Arabia reported. The emirate has reinforced the diversity of its foreign trade during the period, reflecting a key change in the commodity composition of trade to cope with the UAE’s shift to a knowledge economy, based on smart technologies. The trading in phones grew 11% compared to the first half of last year, amounting to Dhs85bn ($23.1bn), compared to Dhs76bn. Phones topped other commodities in Dubai’s foreign trade, with China being the leading source for phone imports to Dubai, amounting to Dhs27bn, while Saudi Arabia was the main destination for phone re-exports with a value of Dhs8.5bn. On the other hand, computers recorded 9% growth at Dhs27bn compared to Dhs24.6bn, with trading in computers facing an increasing demand on smart IT hardware.