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Abu Dhabi's non-oil foreign trade down 8.8%

Christian Fernsby ▼ | December 20, 2019
Abu Dhabi recorded non-oil foreign trade of AED154.4 billion, a decrease of 8.8 percent year-to-date from AED169.3 billion in the corresponding period last year, according to Statistics Centre Abu Dhabi, SCAD, data.
Abu Dhabi street
Economy in Abu Dhabi   Abu Dhabi street
According to a SCAD report released today, the decrease was a result of a 12.7 percent decline in imports (AED75.4 billion), as well as a 14.8 percent decrease in non-oil exports (AED41.4 billion) from January to September 2019. The value of re-exports increased by nine percent during the same period, the Statistics Centre noted.

Topics: Abu Dhabi trade

Total trade figures for the emirate decreased by 2.7 percent in September 2019 compared to figures in 2018, SCAD revealed, noting that the decrease was due to a 29.9 percent drop in exports. The total value of imports and re-exports increased by 11.5 and 3.47 percent, respectively.

The SCAD report revealed Saudi Arabia as the top non-oil foreign trade partner to Abu Dhabi, with a total of AED4.55 billion, followed by France (AED2.28 billion), United States (AED965.3 million), Japan (AED932.6 million) and Kuwait (AED909.9 million).