Abu Dhabi's non-oil foreign trade falls 8.8% to $42bn - Arabianbusiness:
Abu Dhabi recorded non-oil foreign trade of AED154.4 billion ($42 billion) in the first nine months of 2019, a decrease of 8.8 percent compared to the corresponding period last year, according to new data from Statistics Centre - Abu Dhabi (SCAD).
The decrease was a result of a 12.7 percent decline in imports (AED75.4 billion), as well as a 14.8 percent decrease in non-oil exports (AED41.4 billion) from January to September, state news agency WAM reported, citing the SCAD figures.
The value of re-exports increased by nine percent during the same period, it added.
Total trade figures for the emirate decreased by 2.7 percent in September compared to the same month in 2018, SCAD revealed, noting that the decrease was due to a 29.9 percent drop in exports. The total value of imports and re-exports increased by 11.5 and 3.47 percent, respectively.
No comments:
Post a Comment