UAE non-oil trade up 5% to AED 76.6b in Feb. 2012

WAM ABU DHABI: The UAE’s non-oil foreign trade grew 5% (or AED 3.6 billion) to reach AED 76.6 billion in February 2012, compared with AED 73 billion in February 2011 , preliminary statistics released by the Federal Customs Agency (FCA) showed.

UAE’s non-oil exports made an unprecedented jump last February by 62% (or AED 4.6 billion) to AED 12.1 billion compared with AED 7.5 billion in February 2011, FCA said in a press release. Meanwhile, the UAE’s non-oil imports in February 2012 grew by 8% to AED 54.9 billion compared with AED 49.5 billion in February 2011. Re-exports stood at AED 15 billion during the same month.

In terms of weight, the UAE’s total foreign trade last February reached 7 million tons: 2.5 tons in exports, 3.7 million tons in imports and 742000 tons in re-exports. The average weight of customs consignments handled at ports in the same period reached 29000 tons a day, or 4000 tons an hour, according to FCA.

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