Boosted by Duba’s resilience to global headwinds, as well as its rapid economic recovery and revitalised growth in the second half of the year, Dubai’s foreign trade in 2020 touched AED1.182 trillion. Total trade volume in 2020 reached 100 million tonnes, driven by a 6% year-on-year volume growth in the second half of the year. Overall value of exports in 2020 grew 8% to AED167 billion while imports accounted for AED686 billion and re-exports totalled AED329 billion.
“The exceptional growth performance of Dubai’s external trade sector reflects the emirate’s impressive resilience and its ability to recover and grow amidst international crises. Dubai has set an example for the world in dealing with both the economic and health repercussions of the pandemic. We were able to quickly renew our momentum of growth and reestablish our global leadership in various sectors,” H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council said.
The DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation said all government departments and organisations will work in tandem to achieve the goal of boosting Dubai’s external trade and helping the emirate continue its pivotal role in facilitating global trade and tourism.
Dubai’s direct trade in 2020 totalled AED711 billion, while trade through free zones reached AED464 billion and customs warehouse trade weighed in at AED7 billion. Airborne trade accounted for AED559 billion. Sea trade reached AED421 billion while land trade touched AED203 billion.