With a growth rate of 68.6% during the first half of 2021

15.8 billion dirhams Dubai trade with Italy in 6 months

The value of UAE exports to the Italian market amounted to 3.65 billion dirhams.

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The Dubai Customs Department reported that the value of the emirate's trade with Italy increased from 14.68 billion dirhams in 2010 to 26.68 billion dirhams in 2020, a growth of 81.7% over 10 years, explaining that the value of trade between the two sides witnessed a growth of 68.6% in the first half of the year. In 2021, its value reached 15.84 billion dirhams, compared to 9.4 billion dirhams during the same period last year.

The department indicated that the value of imports amounted to 11.33 billion dirhams in the first half of this year, while the value of exports amounted to 3.65 billion dirhams, and the value of re-exports amounted to 862 million dirhams.

This came in a presentation presented by the Director of the Customs Procedures Section at the Department of Customs Tariff and Origin in the department, Rashid Al Muhairi, during the dialogue session organized by the Italian Business Council on imports and exports in the Gulf Cooperation Council countries, and the main visions of their future trends in the areas of financing, procedures, certificates and duties.

In the presentation, Al Muhairi explained that Dubai's trade with Italy, during the first half of this year, was divided into direct trade with a value of 12.954 billion dirhams, free zone trade with a value of 2.839 billion dirhams, and customs warehouse trade with a value of 46.683 million dirhams, while the value of airborne trade amounted to 9.12 billion dirhams. The value of trade transported by sea is 4.99 billion dirhams, and the value of trade transported by land is 1.72 billion dirhams.

Al Muhairi also presented the initiatives developed by Dubai Customs in the field of e-commerce, as the department launched a cross-border e-commerce platform to support Dubai's global role in international trade.

• The emirate's trade with Italy increased by 81.7% in 10 years.

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