Dubai, (IANS/WAM) India ranked first among Dubai’s major trade partners during the first six months of 2012, with the value of trade between the two sides reaching 77 billion dirhams (about $21 billion).
The figure accounted for 13 percent of the total value of Dubai’s foreign trade, which stood at 602 billion dirhams during the same period, Ahmed Butti Ahmed, the director general of Dubai customs, said.
The total value of Dubai’s imports from India, which included diamonds, jewellery, electronic devices and mineral oil, reached 35 billion dirhams during the first six months of 2012.
While the value of its exports to India, mainly gold, diamonds, jewellery and copper wires, stood at 19 billion dirhams during the same period.
The value of Dubai’s re-exports to India, mainly diamonds, jewellery and silver, was 22 billion dirhams.
Ahmed stressed that Dubai’s trade relationship with India has been witnessing a considerable growth mainly due to the distinctive ties between the governments and people of the two countries and the joint economic agreements.