The value of non-oil foreign merchandise trade through Abu Dhabi ports decreased by 7.3 percent from AED71.7 billion during the first four months of 2019 to AED66.5 bn in the same period of 2020.
This was the result of a 24.6 percent drop in re-exports from AED17.3 bn to AED 13.0 bn, and an 8.5 percent decline in non-oil exports from AED20.1 bn to AED18.3 bn, while the imports increased by 2.2 percent in the same period, according to figures released by Statistics Centre – Abu Dhabi (SCAD), on Monday.
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, reports WAM.
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 bn, accounting for 73.4 percent of the emirate’s total trade in the reference period with four GCC states, namely KSA, Bahrain, Kuwait and Oman, with which Abu Dhabi’s non-oil foreign merchandise trade totaled AED21.74 bn.
Abu Dhabi’s exports to Saudi Arabia reached AED7.182 bn during the reference period, with re-exports standing at AED4.844 bn and imports at AED3.93 bn. The total trade with Kuwait stood at AED2.47 bn, followed by Oman, AED1.69 bn, and Bahrain, AED1.63 bn.
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