Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai?s foodstuffs foreign trade rises  Join our daily free Newsletter

MENAFN - Khaleej Times - 21/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Khaleej Times) This upswing was due to imports rising from Dh31 billion to Dh32 billion, exports from Dh6 billion to Dh7 billion, and similarly re-exports from Dh6 billion to Dh7 billion

Dubai Customs aims to strengthen Dubai’s global position in trading of foodstuffs. — Supplied photo


Dubai’s foreign trade in foodstuffs recorded a significant increase in 2013, as a result of the emirate’s escalating demographic and economic growth and mounting recovery across most sectors, backed by continued government spending on infrastructure projects to drive Dubai’s ongoing urbanisation.


Latest statistics issued by Dubai Customs in parallel with Gulfood Show indicate that Dubai’s foreign trade in the food sector amounted to Dh46 billion during January to September 2013, compared with Dh43 billion for the same period in 2012; that is a growth of seven per cent.


This upswing was due to imports rising from Dh31 billion to Dh32 billion, exports from Dh6 billion to Dh7 billion, and similarly re-exports from Dh6 billion to Dh7 billion.


Dubai Customs contributed to the growth of food trade providing quality customs facilities for this sector, and ensuring speedy customs clearance of all its shipments, in order to cater to the food needs of the community without unnecessary delays. Dubai Customs aims to strengthen Dubai’s world position in foodstuffs trading industry by enhancing its leading role in the re-export of these commodities into e global markets.


India tops the list of Dubai’s trading partners in food imports for the period from January to September 2013, with a share of 12 per cent of total imports, which is equivalent to about Dh4 billion. Brazil occupies the second  position with a share of 10 per cent, equivalent to Dh3.2 billion. The United States is third with a share value of 9 per cent, equivalent to around Dh3 billion.


In terms of exports, Saudi Arabia leads the way as the first trading partner of Dubai with a share of 14 per cent, equivalent to about Dh1 billion, followed by Iraq and Oman with a share of 11 per cent each, equivalent to about Dh800 million.


In foodstuff re-exports, Iran is the major partner for Dubai with a share of 25 per cent, equivalent to Dh1.7 billion, followed by Oman with a share of 12 per cent, equivalent to Dh794 million, and Saudi Arabia with a share of seven per cent, equivalent to approximately Dh456 million.


Dubai has become an essential trade corridor for foodstuffs in the region, owing to its advanced infrastructure and efficient customs services that insure easy access of dietary supplies to the surrounding markets in record time.  Dubai Customs’ Risk Engine, in particular, has helped expedite the procedures at Customs checkpoints, allowing the clearance of 88 per cent of shipments in just two minutes.


Sugar, tea, rice, milk, cocoa products, and nuts are among the major foodstuffs that are traded through Dubai.



 


Khaleej Times




  MENA News Headlines
 Jul 30 2016 - Villa for sale in Egypt or Apartment for sale in CairoMENAFN Press
(MENAFN Press) google_ad_client = "pub-7060895361757846"; /* MPR 200x200, created 7/14/10 */ google_ad_slot = "9848691929"; google_ad_width = 200; google_ad_height = 200; Cairo Egypt ...

 Jul 30 2016 - Respected Dermatologist, Ellen Burov, MD, FAAD, will Have her Outstanding Achievements Featured in The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Respected Dermatologist, Ellen Burov, MD, FAAD, will Have her Outstanding Achievements Featured in The Leading Physicians of the World Posted by admin on July 30, 2016 New York ...

 Jul 30 2016 - Jordan's public debt drops to USD35.35bnMENAFN
(MENAFN) Jordan's public debt amounted up to USD35.35bn in May this year, comprising 92.6 percent of its GDP estimated by the Finance Ministry at USD38.19bn.On the other hand, the debt of the ...

 Jul 30 2016 - Saudi's Vision 2030 to enhance digital economyMENAFN
(MENAFN) Saudi Arabia embarked on National Transformation Program 2020 and Vision 2030, to foster a digital culture and shifting more to digital economy.With a digital economy, more jobs can be made ...

 Jul 30 2016 - Dubai's Nakheel profit grows by USD402.9mnMENAFN
(MENAFN) Dubai developer Nakheel posted flat second-quarter profit increase, which reached USD402.98mn in Q2.Moreover, the firm's profit for the first six months of this year was USD0.80bn, up from ...

 Jul 30 2016 - Wisconsin Mesothelioma Victims Center Now Offers a Diagnosed Person in Wisconsin a Free Service Designed to Ensure They Are Working Directly with The Nation's Best Lawyers For Better CompensationMENAFN Press
(MENAFN Press) Wisconsin Mesothelioma Victims Center Now Offers a Diagnosed Person in Wisconsin a Free Service Designed to Ensure They Are Working Directly with The Nation's Best Lawyers For Better ...

 Jul 30 2016 - 360Heros Announces Rebrand, Unveils New Name and Company DirectionMENAFN Press
(MENAFN Press) 360Heros Announces Rebrand, Unveils New Name and Company Direction 360Heros Inc, a company specializing in 360 video technology, has announced a rebrand. A new company name, ...

 Jul 30 2016 - Cinnamon Colomboscope as 'Testing Grounds' for art reflecting on the impact technology has on our worldMENAFN Press
(MENAFN Press) Cinnamon Colomboscope as ''Testing Grounds'' for art reflecting on the impact technology has on our world Screenshot from web browser extension and installation Blue Empire New ...

 Jul 30 2016 - Debut Single "White Lies" Released By Norwegian Duo "Language of Clouds"MENAFN Press
(MENAFN Press) Debut Single "White Lies" Released By Norwegian Duo "Language of Clouds" Language of Clouds - White Lies (cover) Language of Clouds (Linn Kathrin Taklo & ...

 Jul 30 2016 - UK Pet Insurance Industry Key Trends, Company Profiles and Opportunities to 2019 Now Available at ReportsWeb.comMENAFN Press
(MENAFN Press) UK Pet Insurance Industry Key Trends, Company Profiles and Opportunities to 2019 Now Available at ReportsWeb.com UK Pet Insurance Market Report 2016-2019 - Analysis, Trends, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help