Dubai: Dubai Customs has announced the completion of 5 million transactions in Q1 this year, according to latest figures.
This is equivalent to double the number of transactions in the same period in pre-pandemic 2019, and 20 per cent more than Q1 2020, in which 4 million transactions were completed, according to a Dubai Customs statement on Saturday. Figures of Q1 are very positive and they reflect not only a quick recovery from the pandemic, but also an outstanding growth. Economic performance is expected to grow four percent this year, said Abdullah Mohammed Al Khaja, Executive Director of Clients Management Division.
Customs declarations grew 24 per cent in Q1, 2021 to 4.47 million (50,000 declarations a day on average) from 3.4 million in Q1, 2020. Payment requests came second at 238,400, followed by certificate and report requests at 141,800. Booking inspection date service received 76,700 requests and business registration service received 59,600 requests, he said.
Dubai Customs completed 5 million transactions in Q1 this year, according to latest figures. This is equivalent to double the number of transactions in the same period in pre-pandemic 2019, and 20% more than Q1 2020, in which 4 million transactions were completed.
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Dubai s non-oil foreign trade touches Dh1 trillion in 2020
Staff Report/Dubai
Figures show non-oil foreign trade strongly rebounded from the challenges of Covid.
Dubai’s non-oil foreign trade in 2020 touched Dh1.182 trillion, strongly rebounding from the challenges posed by the global economic repercussions of Covid-19 and the suspension of business activity by countries across the world in the first half of last year.
Total trade volume in 2020 reached 100 million tonnes, driven by a 6 per cent year-on-year volume growth in the second half of the year. The overall value of exports in 2020 grew 8 per cent to Dh167 billion while imports accounted for Dh686 billion and re-exports totalled Dh29 billion.
Dubai: Non-Oil Foreign Trade Hits Dh1 Trillion in 2020 Published April 10th, 2021 - 04:00 GMT
Total trade volume in 2020 reached 100 million tonnes, driven by a 6 per cent year-on-year volume growth in the second half of the year. (Shutterstock)
Highlights
Figures show non-oil foreign trade strongly rebounded from the challenges of Covid.
Dubai’s non-oil foreign trade in 2020 touched Dh1.182 trillion, strongly rebounding from the challenges posed by the global economic repercussions of Covid-19 and the suspension of business activity by countries across the world in the first half of last year.
Total trade volume in 2020 reached 100 million tonnes, driven by a 6 per cent year-on-year volume growth in the second half of the year. The overall value of exports in 2020 grew 8 per cent to Dh167 billion while imports accounted for Dh686 billion and re-exports totalled Dh29 billion.