Abu Dhabi non-oil foreign trade slips 13.6pc in Q1
ABU DHABI, May 30, 2018
The value of non-oil foreign merchandise trade through Abu Dhabi ports decreased by 13.6 per cent from Dh43.9 billion in the first quarter of 2017 to Dh 37.9 billion in the same period of 2018, according to figures released by Statistics Centre Abu Dhabi.
This was the result of a 21.9 per cent decrease in re-exports from Dh7.2 billion to Dh5.6 billion and a 15.1 per cent decrease in imports to Dh26.3 billion, while the value of non-oil exports increased by 5.0 per cent compared with the same period of 2017.
Total trade increased by 2.5 per cent in March 2018 compared with March 2017 due to an increase in imports by 3.8 per cent, and non-oil exports by 1.5 per cent, while the value of re-exports decreased by 2.1 per cent in the same period. – TradeArabia News Service