Tuesday 29 September 2020

Abu Dhabi's 4-month non-oil trade down 7.3pc

ABU DHABI, August 5, 2020

The value of non-oil foreign merchandise trade through Abu Dhabi ports decreased by 7.3 per cent in the first four months of the year to hit Dh66.5 billion ($18.1 billion) from the last year's figures of Dh71.7 billion ($19.5 billion), said a report.
This was a result of a 24.6 per cent drop in re-exports which fell from AED17.3 billion to AED13 billion, and an 8.5 percent drop in nonoil exports from AED20.1 billion to AED18.3 billion, while the imports increased by 2.2 percent in the same period.
The total trade declined by 41.3 percent in April compared with last year, due to a decrease in re-exports, non-oil exports, and imports by 54.2 percent, 47.3%, and 32.9% respectively in the same period.
Saudi Arabia retains the first place of most trading countries with Abu Dhabi during April of this year, where bilateral trading hit AED 2.76 billion, which accounts for 23.9 percent of the emirate's total trade during the month. 
Japan comes second, AED1.032 bn, with the US in the third place, AED945 million, China, AED926 million, and then Congo, AED381 million.
Industrial supplies topped the list of most exported non-oil goods with a value of around AED2 billion during April, followed by F&B, AED564 million and consumer goods, AED151 million, while the rest is distributed over the production goods, coal, and lubricants.


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