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GOLD TOPS COMMODITY LIST

UAE non-oil foreign trade inches towards AED500bn mark

ABU DHABI, May 25, 2022

The UAE’s non-oil foreign trade in the first quarter was close to AED500 billion ($136 billion) figure for the first time in the country's history, according to the Federal Competitiveness and Statistics Centre.
 
It hit a total of AED499.7 billion, registering a 20.5% growth compared to AED414.6 billion recorded for the same period last year. This figure is also up 26.3 percent compared to the same period in 2019.
 
The centre’s data highlighted China’s leadership in the list of top 10 countries trading with the UAE in Q1 2022, valued at AED57 billion, followed by India with AED46.2 billion, and Saudi Arabia with AED32.5 billion, stated the report.
 
Gold topped the list of leading commodities included in the UAE’s non-oil foreign trade, with a value of AED84.4 billion and accounting for 17% of the country’s total non-oil foreign trade, followed by diamonds worth AED40 billion, telephone and communication devices worth AED37 billion, mineral oils worth AED24.6 billion, ornaments and jewellery worth AED21 billion and cars worth a total of AED19.5 billion.-TradeArabia News Service



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