Abu Dhabi’s non-oil foreign trade hits AED124 billion in first half of 2022

In the first half of 2022, Abu Dhabi’s non-oil foreign trade totaled approximately AED124 billion, a growth rate of 12%, the same as the same period in 2020.

According to the Abu Dhabi Media Office, exports in the first six months of the year rose to 26 percent worth AED49 billion, while re-export activity rose 6 percent to AED23 billion. Imports rose to 4 percent, with a total value of around AED51 billion.

The value of commodity trade in common metals and their products rose to AED24 billion, a growth rate of 22%.

During the period, the trade in audio-visual machinery and broadcasting equipment and its accessories increased by 23%, while the trade in pearls, precious stones, precious metals and their products increased by 40%, valued at AED 17b.2n.

.@Abu Dhabi Customs AED 124 billion recorded in non-oil trade #in abu dhabi First half of 2022 – 12% higher than the same period in 2021. Its exports also rose by 26 percent to nearly AED49.5 billion. pic.twitter.com/v5SFqoqNmE

— Abu Dhabi Media Office (@admediaoffice) August 12, 2022

Compared to other countries, Saudi Arabia had the largest total value of equities traded, increasing to AED28 billion, a growth rate of 3%, followed by Switzerland with a total value of AED9.5 billion, a growth rate of 260%. It was followed by the United States, which recorded AED 9.3 billion, with a growth rate of 21%, followed by China, which recorded AED 5.95 billion, with a growth rate of 9%, followed by Kuwait with AED 5.8 billion, with a growth rate of 9%. 13%. same time last year.

The data are compiled by the Abu Dhabi Statistics Centre.

Rashed Lahej Al Mansoori, Director General of Abu Dhabi Customs, said that Abu Dhabi Customs, within its capabilities and plans, has successfully developed proactive strategic services in the early stages, effectively contributing to the development of the customs work system. The emirate’s sea, land and air ports, and facilitate customs inspections, supporting the completion of transactions in a fast and appropriate manner. He said this had a positive impact on collaboration with strategic partners, with the value and growth of business dealings in the first half of this year compared to the same period in 2021.