India Tops List of Dubai Trade Partners.

DUBAI: India was Dubai's biggest direct trade partner in the first seven months of 2010, with bilateral transactions between the two countries amounting to over 85 billion dirhams ($23.14 billion) during the period, as per statistics issued by the Dubai Customs department.

India's share of Dubai's overall trade with the outside world was 26 per cent, the data shows. Not only was the maximum share of Dubai's imports from India, the Middle East nation also saw India as its biggest export market.

While Dubai's imports from India amounted to 39.7 billion dirhams ($10.80 billion) during the period, exports to India were estimated at around 16.8 billion dirhams ($4.57 billion).

Furthermore, the value of goods and products re-exported by Dubai to India stood at over 28.5 billion dirhams ($7.75 billion).

China and the US stood at second and third place in the list of countries exporting goods to Dubai.

Dubai's imports from China amounted to 25 billion dirhams ($6.80 billion) during the seven-month period, while imports from the US stood at 16.6 billion dirhams ($4.51 billion). Germany stood fourth in the list, with exports of around 10 billion dirhams ($2.72 billion) to Dubai.

In terms of the top export destinations for Dubai, Switzerland was at second place with shipments worth 6.2 billion dirhams ($1.68 billion), followed by Saudi Arabia with 1.4 billion dirhams ($381.16 million) and Pakistan with 1.1 billion dirhams ($299.49 million).

Source : economictimes.indiatimes.com