China Remains Biggest Non-Oil Trade Partner of Dubai in 2017

China remained Dubai’s biggest non-oil trade partner in 2017 with 176 billion dirhams ($47.95 billion) worth of trade. This accounted for 13.6 percent of Dubai’s total non-oil foreign trade, which grew 26 billion dirhams to reach 1.302 trillion dirhams in 2017, from 1.276 trillion dirhams in 2016. China, the world’s second largest economy, has been Dubai’s biggest trade partner since 2014. It was followed by India, with a bilateral trade of 99 billion dirhams, and the US, with 85 billion dirhams. Dubai’s re-exports grew 9 percent in 2017 to 360 billion dirham, while its imports totaled 798 billion dirham and exports totaled 144 billion dirhams. Sheikh Hamdan bin Mohammed Bin Rashid Al Maktoum, crown prince of Dubai and Chairman of Dubai Executive Council said ‘Dubai’s competitiveness plays a key role in attracting investors from around the world, who seek to take advantage of Dubai’s position as a regional and international trading hub.