Abu Dhabi non-oil foreign trade surges to AED80.1 billion in six months

ABU DHABI, 16th September, 2018 (WAM) -- In yet a fresh sign of a positive economic outlook for the country, Abu Dhabi's non-oil foreign trade during H1 2018 amounted to AED80.1 billion, with the month of June recording a growth of 30 percent.

According to figures recently released by the Statistics Centre- Abu Dhabi, the emirate's non-oil exports stood at around AED11.08 billion during H1, up 10.5 percent from AED10.9 billion in the corresponding period of 2017, with re-exports significantly increasing by 10.5 percent from AED11.12 billion to AED12.3 billion during the same monitored period.

In the meantime, imports dropped to AED56.7 billion in June against AED58.4 billion on the same month last year, corroborating a rationalised consumption trend across the emirate.

The statistics cover the emirate's non-oil trade conducted through its land, sea and air ports, and do not include all the emirate's trade with the outer world, nor do they include Abu Dhabi's trade with the country's other emirates.

On a monthly level, Abu Dhabi's non-oil trade jumped to a one-month peak of AED12.4 billion in June, a growth of 30 percent from the same month last year.

The emirate's manufacturing supplies accounted for 89.3 percent of the emirate's exports during H1, with a total value of AED9.9 billion, while food exports stood at AED515 million.

Transportation equipment and accessories got the lion's share of re-exports, reaching to AED5.4 billion during H1 followed by consumables, at AED3.3 billion, then came production supplies at a total of AED2.6 billion.

In the meantime, the emirate's manufacturing imports reached AED21.7 billion, while transportation imports stood at AED16.7 billion, production supplies, AED9.6 billion and consumables, AED5 billion.

WAM/Hatem Mohamed/Tariq alfaham