Dubai's non-oil global trade is set to grow by 64% this year based on first half performance figures, according to statistics released by Dubai Customs.
The figures for the first half of 2005 show that the volume of trade has registered another substantial increase so far in 2005 after global non-oil trade grew by 41% to Dh215.72 billion (US$58.73 billion) in 2004 compared to 2003 levels. Exports, re-exports and imports have all shown major increases against the backdrop of a booming economy.
Over the past four years, Dubai has seen non-oil global trade grow by an average of 25%, helped by a strong real estate market, steady population growth and an increase in the number of international firms that have registered regional offices in Dubai. The number of registered companies in the Jebel Ali Free Zone Authority has jumped to 5,000 in the first half of this year.
In terms of imports, Dubai's main trading partners are China, India and Japan. The Emirate's largest export markets are India, the United States and Iran.
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