Abu Dhabi’s non-oil foreign trade reached Dh151.18 billion till September 2020

ABU DHABI – Abu Dhabi’s non-oil foreign trade sector demonstrated agility and preparedness, reaching Dh151.18 billion from January to September 2020, despite the COVID-19 pandemic.

The sector also distributed imports worth Dh69.33 billion, exports worth Dh55.37 billion, and re-exports worth Dh26.48 billion.

The General Administration of Abu Dhabi Customs continued its pioneering efforts to continue the uninterrupted flow of supply chains, and protect the economy and society’s safety during the COVID-19 pandemic.

These efforts were in line with the leadership’s directives to meet the requirements of the local basic commodities market for food and medical supplies, while applying the highest precautionary and preventative measures to maintain the health and safety of employees and inspectors working on the front lines.

The customs transactions completed by the General Administration of Customs of Abu Dhabi recorded around 788,699 transactions during the first nine months of this year, supported by the smooth completion of customs clearance operations and transactions.

Transportation methods were also diversified, with airborne trade accounting for AED51.35 billion, seaborne trade accounting for Dh59.38 billion, and overland trade accounting for Dh40.45 billion.

Rashid Lahej Al-Mansouri, Director-General of the General Administration of Abu Dhabi Customs, said that Abu Dhabi Customs, across all its sectors, adopted a strategic plan to ensure the continuity of supply chains’ flow and to facilitate the movement of trade across Abu Dhabi. This was achieved by the 24/7 work on all customs border centres while applying the highest precautionary and preventive measures to maintain the health and safety of employees and inspectors working on the front lines.

Abu Dhabi's foreign trade helped diversify its global and regional markets, with the Kingdom of Saudi Arabia, KSA, registering trade between the nations amounting to Dh32.22 billion, followed by the United States of America with Dh10.70 billion, Italy with Dh9.85 billion, China with Dh9.83 billion, Hong Kong with Dh7.24 billion, Switzerland with Dh7.22 billion, Japan with Dh6.61 billion, India with Dh5.83 billion, the United Kingdom with Dh4.11 billion, and Kuwait with Dh4.08 billion.

Pearls, precious stones and precious metals accounted for the highest-grossing commodity, amounting to Dh27.64 billion, showing a growth of 157 percent compared to the same period last year, which amounted to Dh10.76 billion. This was followed by machinery, recording devices, and broadcasting images and sound equipment worth Dh 25.26 billion – an increase of 10 percent compared to Dh22.90 billion traded during the same period last year. Ordinary metals and their artefacts amounted to Dh23.72 billion, followed by transport equipment amounting to Dh22.23 billion.

This was followed by plastics and their articles and rubber and articles worth Dh12.72 billion, by-products of chemical industries and related products worth Dh10.67 billion, food and beverage products worth Dh4.79 billion, plant products worthDh 4.38 billion, live animals and animal products worth Dh3.80 billion, and mineral products worth Dh 3.54 billion.

During the third quarter of this year, Abu Dhabi's non-oil foreign trade achieved growth of 10 percent compared to the same period last year, to reach Dh55 billion, with imports of Dh21 billion, exports of Dh25 billion, and re-exports of Dh9 billion.

Gold and jewellery contributed Dh15 billion in the third quarter of this year in Q3, followed by machinery, appliances and electrical equipment and parts thereof, which amounted to Dh9 billion. This was followed by minerals and their articles amounting to Dh7 billion, and transport equipment amounting to Dh5 billion.

The KSA maintained its leadership position as one of Abu Dhabi’s most important strategic foreign trade partners during Q3, with trade amounting to Dh32.10 billion, followed by Italy with Dh8 billion, Hong Kong with Dh7 billion, the US with Dh4 billion, and China with Dh3 billion.

Abu Dhabi’s non-oil foreign trade passing through Abu Dhabi Customs ports during Q3 was also diversified across airborne trade amounting to Dh23 billion, seaborne trade amounting to Dh19 billion, and overland trade amounting to Dh13 billion. WAM