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FinancialNews


  • 19-06-19

    Abu Dhabi's non-oil trade sees increase

    (MENAFN) Abu Dhabi's trade of non-oil products during the first quarter of 2019 hit Dh51.8 billion, an upsurge of 3.1 percent compared to Dh50.2 billion during the period of 2018, according to the newest statistics issued by Abu Dhabi Statistics Center on Tuesday.

    The increase in Abu Dhabi's non-oil trade was backed by the re-export activity during the duration from January to March this year, which increased to Dh13.1 billion, an upsurge of 37.7 per cent compared to Dh9.5 billion during the same period of 2018.

    Though, in the first quarter of 2019, the emirate's imports dropped to Dh24.2 billion, down by 7.7 percent compared to Dh26.2 billion in the first quarter of 2018, while the value of exports amounted to Dh14.449 billion in the first quarter of 2019 with industrial supplies amounting to Dh11.246 billion or 77.8 percent of the emirate's total exports.

    A statement by Wam stated that the value of food and drinks exported amounted to Dh1.7 billion and Dh777 million for exports of consumer goods during the first quarter of this year. The balance in exports is connected to fuel and lubricating oil and transport equipment.

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