Monday, 31 December 2012

Abu Dhabi’s foreign trade up 37.6% in 2011 | GulfNews.com

The value of foreign trade of the Emirate of Abu Dhabi increased by 37.6per cent in 2011 to mark Dh532.9 billion, as a result of the hike in exports by 38.5 per cent, and imports by 34.4 per cent.The total trade accounted for 66 per cent of the GDP of the emirate in 2011.
Meanwhile, Saudi Arabia came first on the list of trading partners of the Emirate of Abu Dhabi for non-oil commodities during 2011, as it accounted for 11 per cent of the total non-oil trade of the Emirate, with trade exchange valued at Dh15.9 billion during the same year.
The United States came in the second place, with approximately Dh13.6 billion, and a relative importance of 9.7 per cent, while South Korea was at third place, as it accounted for 8.4 per cent of the total non-oil trade of the Emirate, and trade exchange of Dh11.8 billion. Japan ranked fourth in with a share of Dh9.9 billion of the total emirate’s non-oil trade during 2011, marking a relative importance of 7 per cent. Three countries from the European Union, Germany, Italy and France, assumed the fifth, sixth, and seventh rank respectively.

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