Trade between Dubai and Israel in the last five months to January touched Dh1 billion ($272.2 million), the Dubai Media Office said in a statement on Saturday.
Bilateral trade over the past five months included Dh 325m in imports, Dh607m in exports and transit trade valued at 98.7m, the media
office said on Saturday, citing Dubai Customs statistics.
Dubai’s main imports from Israel include vegetables, fruits, diamonds, flat screens, hi-tech devices as well as medical and mechanical devices. The emirate's exports to Israel include diamonds, smart phones, engine spare parts, perfumes and lubricants.
"The expansion of trade and investment between the two sides will benefit not only the business communities in the UAE and Israel, but also other stakeholders and business communities in the Middle East," said Sultan bin Sulayem, DP World group chairman and chief executive and the chairman of Dubai’s Ports, Customs and Free Zone Corporation.
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