Dubai's external coffee trade hit Dhs3.5 billion

Statistics released by Dubai Customs have revealed that Dubai's external trade in coffee generated Dhs3.5 billion in the last ten years.

Dubai acts as a central logistic hub linking markets in the Middle East and Europe with coffee manufacturing countries such as Ethiopia, India, Indonesia, Uganda, and Vietnam.

"We have integrated forward-looking strategies that help us foster Dubai’s leading trade position worldwide," said Nassim Al Mehairi, Senior Manager of Statistics Department at Dubai Customs.

READ MORE

Gold set for worst month since November 2016 on stronger dollar

Oil falls 2nd day as rising virus cases spur demand worries

Virus-hit Shell says cutting up to 9,000 jobs by 2022

He added that Dubai Customs offers smart services that help clients move products with efficiency. "This includes the coffee trade sector which receives full support from Dubai Multi Commodities Centre, DMCC, the first of its kind in the Middle East, which provides quality logistics support linking coffee producers with buyers."

The statistics are released to coincide with International Coffee Day which is marked annually on 1st October. Figures show that Dubai's coffee trade in H1, 2020 grew 5 per cent to Dhs253 million compared to Dhs240 million in the corresponding period last year. The volume of coffee trade for H1, 2020 amounted to 14,000 tons.

Major partners in coffee imports are Switzerland at Dhs33 million, Italy at Dhs23 million, and Brazil Dhs22 million, and main export and re-export partners are Oman at Dhs5.8 million, Saudi Arabia at Dhs5.1 million and Kuwait at Dhs5 million.

WAM