Dubai’s non-oil foreign trade reached 321.8 billion dollars in 2020, portraying a 13.5 percent decline compared to the previous year, as the coronavirus pandemic disrupted economic activities of the gulf nation.
Total trade volume dropped to 100 million tons, from 109 million tons in 2019, although shipments received a 6 percent boost in the second half of the year, the Dubai Media Office reported.
Exports of Dubai increased by eight percent to 45.47 billion dollars while imports amounted 186.8 billion dollars, and re-exports reached 89.58 billion dollars.
Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation said: “Dubai’s external trade sector impressively overcame the impact of a global trade downturn in 2020. With the gradual opening of borders, Dubai’s trade volumes started recovering and growing quickly in the second half of 2020."