Tuesday 9 March 2021

UAE's non-oil trade for Jan-September 2020 hits $281bn

ABU DHABI, January 15, 2021

UAE's non-oil trade amounted to AED1.033 trillion ($281 billion) during the first nine months of 2020 despite the global economic slowdown and Covid lockdowns, according to the Federal Competitiveness and Statistics Centre.
The figures cover the exchanges of non-oil commodities, including direct trade and that of free zones and warehousing arrangements, highlighting the healthier trade and remarkable leap in exports and re-exports during September, at a value of AED76.35 billion, it stated.
From January to September 2020, imports amounted to AED572.888 bn, while the value of exports reached AED191.322 bn and re-exports increased to AED269.104 bn, according to the FCSC's statistics.
China emerged as the country's top trading partner with a total trade of AED124.45 billion, followed by Saudi Arabia with AED90.8 billion, India with AED70 billion, US with AED60 billion and Switzerland with AED41 billion, stated the report.
Among the commodities, gold topped the list at around AED182 billion, followed by phone and other cellular devices at AED105 billion, it added.


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