Pearls, precious stones, vehicles and aircraft were among the most significant export products through the ports
The value of exports through Abu Dhabi ports went up 36.6 percent from AED 12.6 billion in Q4 2017 to AED 17.2 billion in Q4 2018, according to new data from the Statistics Centre – Abu Dhabi.
According to the statistics, the business sector increased by AED 4 billion (32.6 percent), compared to AED 518.4 million (726.1 percent) and the individual sector by 43.3 percent compared with 2017.
Export values went up by AED 3.8 billion (28.7 percent) during Q4 2018 compared to the previous quarter, largely as a result of increases in the business sector and government by 25.6 percent and 1,297.7 percent, respectively.
The statistics also show that the value of imports decreased by 0.3 percent from AED 27.5 billion in Q4 2017 to AED 27.4 billion in Q4 2018. The business sector decreased by 3.3 percent, compared to a decrease of 53.1 percent to 207.9 billion.
Imports, for their parts, decreased by AED 1.4 billion (4.8 percent) during Q4 compared to Q3, which the statistics centre said was a result of decreases of 11 percent and 187.6 percent in the individual and government sectors, respectively.
The most significant export products – representing 91.9 percent of the total – were pearls, precious and semi-precious stones, imitation jewellery, vehicles, aircraft and associated equipment, and animals and animal products.
The highest contributors to the total value of exports were vehicles, aircraft and equipment, base metals, plastics and rubbers. Collectively, these products accounted to 62 percent of the total.
Leading government sector exports included works of arts, vehicles and wood products, representing 98.3 percent of the total.