Monday 18 January 2021

Abu Dhabi-China non-oil trade hits $3.59bn

ABU DHABI, July 17, 2018

The value of non-oil trade between Abu Dhabi and China reached Dh13.2 billion ($3.59 billion) in 2017, constituting around 8.2 percent of the emirate’s registered trade that totalled Dh160 billion during the same year, according to data from the Statistics Centre-Abu Dhabi (SCAD).
The value of Abu Dhabi’s exports to China reached around Dh4.2 billion ($1.14 billion) in 2017, according to SCAD, while the value of imports reached around Dh5.5 billion, and the value of re-exports between both sides reached Dh3.5 billion, said the Wam news agency report.
Statistics on Abu Dhabi’s non-oil trade also show that China is among the top five countries with key trade relations with the emirate.
The growing interest of Chinese companies and investors in Emirati markets is due to the UAE’s attractive business environment, which is reflected by the considerable presence of Chinese companies that operate in both Abu Dhabi and the UAE, especially through the country’s free zones, the report said.
Many major Chinese companies are helping to implement infrastructure projects related to the transportation sector, as well as other development projects in other sectors, it said.
"The Silk Road Initiative," which will create a land belt of railways and roads through Asia and Russia and a maritime route that will enable China to access Africa and Europe through the China Sea and the Pacific Ocean, will help increase the level of trade and improve the future commercial relations between China and Abu Dhabi, it said.
The initiative includes the construction of roads, harbours, railways and industrial zones in 65 countries, which account for 60 percent of the world's population and around a third of the world's GDP.

Tags: abu dhabi | China | Trade |

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