Finance & Capital Market

Abu Dhabi non-oil foreign trade hits $43.5bn in 2017

Abu Dhabi's non-oil foreign trade in 2017 amounted to Dh159.9 billion ($43.53 billion), Dh13.2 billion of which was conducted in December, a growth of 3.4 per cent over the corresponding period in 2016.

The emirate's non-oil exports stood at around Dh22.6 billion, with re-exports hitting Dh21.7 billion and imports Dh115.5 billion, reported state-run news agency Wam, citing figures recently released by the Statistics Centre- Abu Dhabi.

The statistics cover the emirate's non-oil trade conducted through its land, sea and air ports, and do not include all the emirate's trade with the outer world, nor do they include Abu Dhabi's trade with the country's other emirates.

The emirate's manufacturing supplies stood at around Dh20.4 billion, accounting for 90 per cent of its 2017's exports, while the non-oil exports during the same monitored period hit Dh955 billion, with consumable exports reaching Dh826 million.

In terms of re-exports, transportation equipment and accessories come first with a total value of Dh9.4 billion, accounting for 43.3 per cent of the total re-export value, followed by production supplies, Dh4.5 billion, and manufacturing equipment Dh3.00 billion.

In the meantime, the emirate's manufacturing imports reached Dh43.7 billion, accounting for 37.8 per cent of the 2017's total imports, while transportation imports stood at Dh33.9 billion, production supplies, Dh22.4 billion, consumables, Dh7 billion, and F&B at Dh6.23 billion.