By Staff writer
Imports show 10.5% increase, exports are up by 63% while re-exports fall by 25.3% on previous year
Abu Dhabi's non-oil foreign trade reached AED169.11 billion ($46 billion) in 2015, up by 11 percent compared to the previous year, it has been announced.
The value of imports through different customs points of the emirate stood at over AED119.3 billion, up by 10.5 percent, while exports totalled AED30.83 billion, an increase of 63 percent, and re-exports stood at AED18.9 billion, down by 25.3 percent.
Mohammed Khadim Al-Hameli, acting director-general of the General Directorate of Customs in Abu Dhabi, said in comments published by news agency WAM that all land, sea and air customs points of contributed to the rise in the foreign non-oil trade.
Last year, Standard & Poor's said Abu Dhabi’s “exceptional” wealth has helped maintain its AA credit rating despite the fall in oil prices.
S&P said it expects Abu Dhabi’s annual average fiscal deficit to fall to about 1.5 percent of gross domestic product (GDP) between 2015-2018.