India emerged as the largest trading partner of Dubai in the first quarter of 2012-13. The latest data of Dubai foreign trade released by the Dubai Customs in the third week of June 2012, shows the trade volume in the first quarter between India and Dubai to be worth 13 billion US Dollars. India was the number one exporting country with a volume worth 7 billion dollars.
In terms of imports, India came second at 6 billion dollars after China. Dubai’s oil foreign trade registered a significant growth of 6.6 per cent in the first quarter of 2012-2013, which reflects the resilience and diversity of the economy. Gold was the number one product to be exported from Dubai in the first quarter of 2012-13.
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