Dubai’s non-oil foreign trade has surged to AED 1.182 trillion in 2020, showcasing resilience in the face of global economic disruptions caused by the pandemic. Despite the challenges, Dubai has maintained its position as a global hub for trade, with China remaining its top trading partner, followed by India, USA, and Saudi Arabia.

Goods, exports, and re-exports all saw a significant boost. The emirate’s direct trade reached AED 711 billion, while trade through free zones reached AED 464 billion. Customs transactions also experienced a 30% increase, reaching 16 million.

Gold, diamonds, and jewellery formed the bulk of Dubai’s trade, accounting for AED 295 billion. Phones contributed AED 153 billion, while computers were responsible for AED 36 billion.

Dubai’s air and sea ports played a crucial role in maintaining the flow of trade. Air trade accounted for AED 559 billion, sea trade for AED 421 billion, and land trade for AED 202 billion.

The impressive performance is attributed to the strategic initiatives launched by the government to boost economic activity and trade. These initiatives, coupled with advanced infrastructure and flexible legislative environment, have ensured Dubai’s continued growth and resilience.

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