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Abu Dhabi metals trade hits $1.85bn in 4 months

ABU DHABI, August 15, 2017

Abu Dhabi's trade in iron and steel, aluminium, and copper hit Dh6.8 billion ($1.85 billion) during the first third of 2017, a growth of 15.6 per cent over the corresponding period last year, according to the Statistics Centre- Abu Dhabi.

The three minerals account for 11.6 per cent of the total non-oil trade across the emirate's points of entries over the first four months of the year, which is valued at Dh58.2 billion, reported Wam, the Emirates official news agency.

In more detail, the iron and steel trade amounted to Dh1.4 billion during the first three months, a growth of 16.6 per cent from Dh1.2 billion in the corresponding period 2016.

The copper trade amounted to Dh3.1 billion, a growth of 4 per cent from Dh2.98 billion in the corresponding period last year.

The aluminium trade hit Dh1.3 billion during the first third of the year, against Dh1.7 billion during the same period last year.

The mentioned figures includes non-oil trade flowing via the emirate's land, sea and air ports of entries, which means they don't reflect the emirate's total non-oil trade with the outer world, nor do they include Abu Dhabi intra-trade with other emirates.




Tags: abu dhabi | aluminium | iron | metals trade |

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