Sino-UAE trade value touches $52.7b in 2017

The value of bilateral trade between the United Arab Emirates (UAE) and China in 2017 increased by 15.1 percent to reach 195 billion dirhams ($52.65 billion), UAE state news agency WAM reported on Wednesday. The non-oil trade between the two countries rose based on an uptick in re-exports of 37.4 percent, to reach 12.8 billion dirhams, while imports posted a 14.7-percent growth, totaling 177.4 billion dirhams, according to the UAE Ministry of Economy. The ministry also said 48 percent of the trade volume, or $25.69 billion, was direct trade between the UAE and China, while 52 percent, or $27.64 billion, was between UAE’s free zones and China.