Abu Dhabi’s non-oil foreign trade reaches Dh80.23bn in first five months of 2020 – The National

Abu Dhabi’s non-oil foreign trade reaches Dh80.23bn in first five months of 2020 – The National

Saudi Arabia retained its position as the emirate's top trading partner, with a total trade value of Dh17.91bn





























Abu Dhabi's non-oil foreign trade in the first five months of 2020 reached Dh80.23 billion, according to the emirate's customs department. Alamy





















July 20, 2020



July 20, 2020













Abu Dhabi's non-oil foreign trade in the first five months of 2020 reached Dh80.23 billion as the emirate focuses on diversifying its economy away from oil.



The value of exports during the period amounted to Dh23.20bn while the value of re-exports stood at Dh14.79bn. Imports remained steady at Dh42.24bn, Abu Dhabi Customs said in a statement through the state news agency Wam on Sunday.



Abu Dhabi, which accounts for about 6 per cent of the world's proven oil reserves, is undertaking a number of measures to grow its non-oil economy. Last year, the government rolled out a Dh50bn Ghadan initiative to attract investments as well as boost non-oil exports.



The emirate also introduced various measures to shore up its private sector in the wake of the