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Sun 25 May 2008 05:34 PM

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Abu Dhabi non-oil exports touch $1bn in '07

Emirate's re-exports hit $653.4mn, while imports reach $5.15bn, DoF says.

Abu Dhabi's non-oil exports hit 3.7 billion dirhams ($1 billion) last year, the emirate's Department of Finance (DoF) said on Sunday.

Citing a report by its Customs Directorate, the DoF said in a statement re-exports touched to 2.4 billion dirhams ($653.4 million) in 2007, while imports reached 18.9 billion dirhams ($5.15 billion).

The DoF did not give comparative figures for 2006.

Qatar was the leading destination for Abu Dhabi's non-oil exports last year, importing goods worth 873.7 million dirhams, followed by China (518.4 million dirhams) and Saudi Arabia (500 million dirhams), the DoF said.

Meanwhile, the DoF said India was the leading re-export destination for Abu Dhabi, reaching 559.6 million dirhams, followed by Oman (411.3 million dirhams) and Qatar (380.2 million dirhams).

Japan was Abu Dhabi's the biggest import partner, accounting for 4.4 billion dirhams of total imports in 2007, followed by Saudi Arabia (3.3 billion dirhams) and Germany (2.6 billion dirhams), according to the DoF.

"We are pleased at bi-lateral trade growth which reflects the status of Abu Dhabi as an increasingly important and vital commercial hub in the region," Saeed Ahmed Al Muhairi, vice director of the Abu Dhabi Customs Administration, said in a statement.