Report: Abu Dhabi non-oil trade falls 5.3% in 10 months

The value of Abu Dhabi’s non-oil foreign trade fell by 5.3 per cent in the first 10 months of the year, a new report revealed yesterday.

According to the Statistics Centre – Abu Dhabi (SCAD) the value of trade reached 133.845 billion dirhams ($36.43 billion) during the period from January till the end of October, compared to 141.348 billion dirhams ($38.48 billion) recorded in the same period of 2016.

The decline is mainly caused by a reduction in non-oil exports by 22.8 per cent to reach 18.78 billion dirhams ($5.11 billion).

The value of re-exports has also decreased by seven per cent to reach 17.829 billion dirhams ($4.85 billion), while imports declined slightly by 0.6 per cent to 97.23 billion dirhams ($26.47 billion).

The value of Abu Dhabi’s non-oil foreign trade reached approximately 170.6 billion dirhams ($46.45 billion) in 2016 and 169 billion dirhams ($46.02 billion) in 2015.

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