Abu Dhabi non-oil foreign trade exceeds $10bn in Q1

Statistics Centre - Abu Dhabi says industrial accessories made up the lion's share of Abu Dhabi non-oil exports in first three months of 2018
Abu Dhabi non-oil foreign trade exceeds $10bn in Q1
By Sam Bridge
Sat 02 Jun 2018 01:01 AM

Abu Dhabi's non-oil foreign trade rose to nearly AED38 billion ($10.3 billion) in the first quarter of 2018, according to official figures.

The Statistics Centre - Abu Dhabi said the value of exports increased to AED6 billion, while imports stood at AED26.34 billion and re-exports at AED5.58 billion from January through March.

The statistics cover the value of non-oil foreign trade which entered or exited the territory of Abu Dhabi through the emirate's air, sea and land points of entry, state news agency WAM reported on Thursday.

During Q1, industrial accessories made up the lion's share of Abu Dhabi non-oil exports, amounting to around AED5.4 billion, accounting for 90 percent of the total, with F&B exports reaching AED262 million.

Non-oil merchandise worth AED10.4 billion, including industrial accessories, was imported, comprising 39.5 percent of the emirate's total imports during Q1, with transport equipment and accessories imports nearing AED8 billion.

In terms of re-exports, transport equipment and accessories accounted for 44.8 percent of total re-exports during the same period.

WAM added that for March, the total non-oil foreign merchandise trade grew 2.5 percent compared to the same period in 2017 as a direct result of a 3.8 percent rise in the value of imports, a 1.5 percent increase in non-oil exports. Re-exports fell by 2.1 percent.

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