RAK foreign trade grows by 38 percent in five years

RAS AL KHAIMAH / WAM

Foreign trade in Ras al-Khaimah grew by 38 percent between 2011 and 2015, according to a study published by the local Chamber of Commerce and Industry, called “An analytical study about foreign trade in the emirate of Ras al-Khaimah”. Dr Ahmed Rashed Al Shamili, Assistant Director-General for Commercial Services and Business Development, said the study addressed several main topics, including level of foreign trade during last ten years. Exports in 2015 constituted 39.4 percent of total foreign trade, compared to 30% in 2011. This highlights strength of emirate’s trade balance and its dependence on added value generating sector, with imports accounting for 33.5% and exports accounting for 27% of total foreign trade in 2015, he added.