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Dubai-Korea relations strengthen with $882m bilateral trade in Q1

By TRENDS Desk
August 3, 2021 8:54 am

    • Dubai Customs is working with Korean diplomatic missions for improving trade relations

    • Imports had the lion’s share at AED2.551 billion, followed by exports at AED549.782 million, and re-exports at AED137.473 million

    The trade between Dubai and Korea has touched new highs in the first quarter of the current fiscal, touching $882 million. And efforts are still on between Dubai Customs and Korean diplomatic missions to widen the trade.

    Imports had the lion’s share at AED2.551 billion, followed by exports at AED549.782 million, and re-exports at AED137.473 million, Ahmed Mahboob Musabih, Director General of Dubai Customs said.

    “Boosting cooperation with the Korean diplomatic missions is very important to us. These efforts will help in developing trade between Dubai and Korea. We received Moon Byung-iun, Consul General of the Republic of Korea and discussed with him means to augment volume and value of mutual trade,” Musabih said. 

    In 2020, Dubai’s external trade with Korea amounted to AED13.56 billion. Imports yielded AED11.505 billion, exports and re-exports reached AED1.56 billion and AED456.917 million, respectively.

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