Abu Dhabi’s non-oil foreign trade amounts to Dhs124bn in H1 2022

The total value of Abu Dhabi’s non-oil foreign trade amounted to about Dhs124bn during H1 2022 with a growth rate of 12 per cent, recorded in the same period of 2020.

According to the Abu Dhabi Media Office, exports during the first six months of this year increased to 26 per cent, at a value of Dhs49bn, with re-export activities increasing 6 per cent at a value of Dhs23bn. Imports increased to 4 per cent, recording a total value of about Dhs51bn.

The value of the trade in commodities from normal metals and their products increased to Dhs24bn, at a growth rate of 22 per cent.

The trade in sound and image machinery and broadcasting equipment and their accessories recorded a growth during this period with 23 per cent, while the trade in pearls, gemstones, precious metals and their products increased 40 per cent at a value of Dhs17b.2n.

.@AbuDhabiCustoms has recorded AED124 billion in non-oil trade #inAbuDhabi during the first half of 2022 – a 12 per cent increase from the same period in 2021. It also recorded 26 per cent growth in exports to nearly AED49.5 billion. pic.twitter.com/v5SFqoqNmE

— مكتب أبوظبي الإعلامي (@admediaoffice) August 12, 2022

Saudi Arabia had the largest of total value of shares traded compared to the countries, where the trade increased to Dhs28bn, with a growth rate of 3 per cent, followed by Switzerland with a total value of Dhs9.5bn with a rate of growth of 260 per cent. The US was next, recording Dhs9.3bn with a growth rate of 21 per cent, followed by China with Dhs5.95bn with a growth rate of 9 per cent, and Kuwait at Dhs5.8bn with a growth rate of 13 per cent compared to the same period last year.

The figures were compiled by the Statistics Centre – Abu Dhabi.

Rashed Lahej Al Mansoori, director general, General Administration of Customs, Abu Dhabi Customs, said that Abu Dhabi Customs, within its competencies and plans, succeeded to develop proactive strategic services during the previous period that contributed effectively to develop the customs work system through the land, sea and air ports of the emirate and facilitate customs inspections, supporting the completion of transactions in both an expedited and proper manner. This, he said, had positive effect on cooperation with strategic partners with regard to the increase of the value of commercial exchanges and their growth during the first half of this year compared to the same period in 2021.