India UAE Top Business Trade Relation beats China

India, in 2009, the largest trading partner of the UAE has become China to remove the first position, as trade between the two countries on the AED 118 billion reached a record level.

"India dominates the first time since trading partner of China last year were the UAE, the total trade of the country, representing nearly 15 percent," an Emirates Industrial Bank (EIB) study.

United Arab Emirates more than AED 692 billion non-oil trade reached a new peak, indicating that non-oil sectors of the country was developed, the study found.

Report shows that bilateral trade between the UAE and India about to climb to a record level of 118000000000, UAE, about 15 percent of EDA activity. China, U.S., Germany and Japan were.

According to Indian statistics, the second largest exporter UAE last year in the sub-continent from about $ 17 billion (AED 62.44 billion) was with total shipments. UAE exports to India increased the country's second largest exporter after Saudi Arabia has changed.

UAE imports from India increased by almost 153 billion of total exports of South Asian countries of India imported a record 10.8 shares per cent of the UAE have increased.

"The UAE and other GCC members with the West has been a marked change in the company, gradually tipping the balance towards Asia," the report said.

Recently, statistics released by the UAE Federal Customs Authority also revelaed in India between February 2009 and March 2010 the largest of the UAE total non-oil trade between the two parties has become a business partner with 63 billion in total, 53000000000 AED AED a year ago to 18 percent.

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