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India emerges as Dubai's second biggest trade partner

India has emerged as Dubai's second biggest trading partner after China with the overall volume touching 38.5 billion dirham in the first half of 2021, according to official data released on Sunday.

According to a Dubai government statement, the emirate had a trade volume of 86.7 billion dirham with China in H1 (first half) of 2021, followed by India and the US at third position.

Trade with India grew 74.5 per cent year-on-year to 67.1 billion dirham from 38.5 billion dirham in H1 2020.

China recorded 30.7 per cent growth year-on-year with total trade with Dubai standing at 66.3 billion dirham in H1 2020.

In H1 2021, the USA traded 32 billion dirham with Dubai, up 1 per cent year-on-year from 31.7 billion dirham.

Saudi Arabia came fourth with 30.5 billion dirham up 26 per cent from H1 2020, followed by Switzerland at 24.8 billion dirham.

The total share of the five biggest trade partners in H1 2021 amounted to 241.21 billion dirham compared to 185.06 billion dirham in H1 2020, up 30.34 per cent.

Gold topped the list of commodities in Dubai's H1 external trade at 138.8 billion dirham (19.2 per cent of Dubai trade), followed by telecoms at 94 billion dirham (13 per cent).

Read More at https://www.livemint.com/news/india/india-emerges-as-dubai-s-second-biggest-trade-partner/amp-11632703731594.html

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