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 the 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
 Aug 31 2015 - Alleged Ansar Beit Al-Maqdis member killed in CairoDaily News Egypt
(MENAFN - Daily News Egypt) student, named as Ahmed Abdel Hakim, was killed Saturday on suspicion of being a member of the extremist group Ansar Beit Al-Maqdis, the Ministry of Interior ...

 Aug 31 2015 - Egypt- To those who will not read these wordsDaily News Egypt
(MENAFN - Daily News Egypt) I've often stared at a blank page recently, just as blankly as the uniform whiteness looked back at me, as I thought how to smear it with something meaningful. My words ...

 Aug 31 2015 - Egypt- Implementation of 3 roads in national plan progressesDaily News Egypt
(MENAFN - Daily News Egypt) The implementation rate of the three EGP 3.5bn roads that are under construction has increased, as part of the national plan for developing the road network, Minister of ...

 Aug 31 2015 - Egypt- Eni invests $7bn to develop Shorouk in 3 yearsDaily News Egypt
(MENAFN - Daily News Egypt) Italian oil company Eni aims to invest around $7bn during three years to excavate the privilege area of Shorouk in the deep waters of the Mediterranean Sea.The petroleum ...

 Aug 31 2015 - Jordan- 8,000 Syrian refugee students in Mafraq schoolsJordan News Agency
(MENAFN - Jordan News Agency) Some 8,000 new Syrian refugee pupils are enrolled in government schools in Mafraq, joining tens of thousands of Jordanian peers in schools in the northern district as ...

 Aug 31 2015 - India- Flipkart customers to get refund within 24 hours nowKNN India
(MENAFN - KNN India) Flipkart customers will now get refunds as early as within 24 hours of returning the product as the e-commerce giant today launched its instant refund mechanism facility. ...

 Aug 31 2015 - 'Make in India' should also focus on 'Make in India Strategies for Indian healthcare': Jitendra SinghKNN India
(MENAFN - KNN India) India's healthcare sector is expected to be USD 280 billion in size by 2020, growing at a compound annual growth rate of 16 per cent, but it is in "dire need" of right policy ...

 Aug 31 2015 - Jordan- King, Abbas discuss efforts to jumpstart Mideast peace processJordan News Agency
(MENAFN - Jordan News Agency) His Majesty King Abdullah II met Palestinian President Mahmoud Abbas Sunday to discuss efforts to kickstart the stalled Palestinian-Israeli peace process and pledged to ...

 Aug 31 2015 - Israeli Occupation Authorities Arrest Two PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Israeli occupation forces today arrested two Palestinians and caused many citizens to suffocate during the suppression of a peaceful demonstration which started in the ...

 Aug 31 2015 - Reliance Group to explore QatarThe Peninsula
(MENAFN - The Peninsula)The Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani meeting Anil Dhirubhai Ambani Chairman of Reliance Group yesterday in Doha. ...

more...


 






Google

Click to Apply

 
 

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