Abu Dhabi Non-Oil Foreign Trade Plummets by 7.3 Percent

  • Date: 26-Aug-2020
  • Source: Al Bawaba
  • Sector:Oil & Gas
  • Country:UAE
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Abu Dhabi Non-Oil Foreign Trade Plummets by 7.3 Percent

This was the result of a 24.6 percent drop in re-exports from AED17.3 billion to AED 13.0 billion, and an 8.5 percent decline in nonoil exports from AED20.1 billion to AED18.3 billion, while the imports increased by 2.2 percent in the same period, reported Emirates News Agency WAM, citing figures released by Statistics Centre - Abu Dhabi (SCAD).

The total trade declined by 41.3 percent in April 2020 compared with April 2019, due to a drop in re-exports, non-oil exports, and imports by 54.2 percent, 47.3 percent, and 32.9 percent respectively in the same period.

SCAD noted that Saudi Arabia continued to be the key trade partner of Abu Dhabi during the reference period, with the two-way trade value standing at AED15.95 billion, accounting for 73.4 percent of the emirate's total trade