Trade exchange between the United Arab Emirates and Poland surged by 35.8 per cent in 2014 as the two countries continue to enhance economic cooperation in various domains.
According to latest data by the UAE’s ministry of economy, bilateral trade with Poland amounted to $691.3 million in 2014 against $508m in 2013 and $411m in 2011, Al Bayan says in a report.
The UAE’s imports from the Eastern European nation climbed by 26.1 per cent in 2014, totalling $572.5m compared with $453.8m in 2013 and $411.2m in 2012.
Non-oil exports of the UAE to Poland shot up by 153 per cent in 2014, amounting to $104.3m from $41.2m in 2013 and only $27m in 2012.
The value of re-exports from the UAE to Poland expanded by 4.7 per cent in 2014, reaching $14.5m compared with $13.8m a year earlier.
The ministry of economy’s report indicates that trade surplus increased to $453.7m in favour of Poland in 2014, signalling a rise of 13.8 per cent from the $398m recorded in 2013.
($1 = AED3.67, at the time of publishing)