Abu Dhabi's Non-Oil Foreign Merchandise Trade Hits AED35.8 Bn in Two MonthsSource: www.export-egypt.com 5/5/2019, Location: Middle East |
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The value of non-oil foreign merchandise trade through Abu Dhabi ports increased 11.5 percent from AED32.1 bn in Jan-Feb. 2018 to AED35.8 bn in the same period of 2019.
This was the result of a 47.0 percent increase in re-exports from AED 6.0 bn to AED 8.8 billion and 5.6 percent increase in imports, while the value of non-oil exports decreased by 0.3 percent in the same period. Total trade increased by 7.3 percent in February 2019 compared with February 2018 due to an increase in re-exports by 54.7 percent, while the value of exports and imports decreased by 9.4 percent and 0.2 percent respectively in the same period. The growth in re-exports reflects the prestigious position now boasted by the emirate, in particular and the UAE in general as a regional hub for non-oil trade thanks to the country's modern infrastructure, including strategic ports and state-of-the-art facilities. |
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