UAE-Turkey Trade Exchange Stood at AED 33.3 bnSource: Emirates News Agency 3/2/2013, Location: Middle East |
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Trade exchange between the UAE and Turkey reached AED 33.3 billion in the first eight months of 2012 driven primarily by record growth of UAE's non-oil exports to AED 8.5 bn, which was three-fold the UAE's exports to Turkey in 2011, according to a study released by the Ministry of Foreign Trade.
''UAE's re-exports hit a record high at AED 1.2 bn while imports stood at AED 23.6 bn. UAE's trade with Turkey constituted 4.9% of the total UAE's non-oil trade in the January-August period of 2012,'' the study said. The study noted the positive shift in Turkey's position as a trade partner to the UAE from 17th rank in 2011 to the fifth rank in the said period. |
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