Abu Dhabi non-oil trade increased to15.7%

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Abu Dhabi’s non-oil commodities trade increased to 15.7% yearly in the second quarter to Dh42.4 billion.

Abu Dhabi non-oil trade increased  15.7%

Abu Dhabi non-oil trade increased to 15.7%

Latest information revealed that the trade development considers an upsurge of Dh1.7 billion or 6.1% yearly  in non-oil imports, an upsurge of Dh4.4 billion or 97.5% yearly in non-oil exports, equalize moderately by a decline of Dh335 million in re-exports during in the April-June period of 2015.

Non-oil imports, exports and re-exports added 68.9%, 21.1% and 105, correspondingly, of total commodities trade through Abu Dhabi Ports in the second quarter of 2015. Statistics also divulged that the machinery and transport equipment was the leading contributor to imports, signifying 50.8% of the total. Its value amplified by 10.7% to Dh1.4 billion compared with the similar period in 2014.

The major contributors to this development were other transport equipment, which highly developed by Dh1.3 billion in the second quarter of 2015. The report reveals an upsurge of Dh4.4 billion or 97.5% yearly in the value of non-oil exports in the second quarter of 2015, with merchandise and dealings as the leading non-oil exports.

Meanwhile, industrial supplies not to another place indicated was the biggest type of imports representing 36.4% of the total value, having developed by 5.2% yearly to Dh522 million.

With a share of 48.9%, Asia denoted the primary source of imports through the ports of Abu Dhabi during the second quarter of 2015, compared with 26.0% and 15.0% for imports from Europe and North America, correspondingly. Information also reveals an upsurge of 97.5% or Dh4.4 billion in the value of non-oil exports during the second quarter of 2015, with merchandise and dealings not categorized somewhere else, having amplified by Dh4.3 billion in the period.

The increase in non-oil exports in this period was primarily because of an upsurge of Dh 4.4 billion in the exports of precious metals, pearls, , stones and articles, partly equalized by declines of Dh257 million in the exports of aluminium and articles and Dh248 million in the exports of copper and articles.

Mohamed Dekkak

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