Abu Dhabi – Mubasher: The Statistics Centre of Abu Dhabi (SCAD) posted a new report showed that non-oil foreign merchandise trade retreated by 5.3% in the first eight months of 2017.
Non-oil foreign merchandise trade reached AED 107.5 billion over the first eight months of 2017, compared to AED 113.5 billion in the year-ago period, the SCAD’s report revealed, according to Emarat Al Youm.
The SCAD stated that the decline in non-oil foreign merchandise trade was resulted by a 32.1% decrease in non-oil exports to AED 14.2 billion from January to August 2017 versus AED 20.9 billion in the comparative period of 2016.
Re-exports fell 2% to AED 13.8 billion in the first eight months of 2017 versus AED 14.1 billion in the year-ago period, SCAD’s data showed.
The top retreated exports are capital goods, consumer goods, fuels and lubricants, and food and beverages, which declined 57%, 39%, 30.3%, and 27.5% respectively.
As for the most decreased re-exports, the report noted that fuels and lubricants was more than halved by a 61.4% decline, while transport equipment and parts, and consumer goods decreased by 22.3% and 17.3%, respectively.
Imports grew 1.3% to AED 79.4 billion from January to August 2017 from AED 78.4 billion in the first eight months of 2016, Emarat Al Youm reported.
The report showed that China is the largest importer of the Abu Dhabi’s exports, followed by Saudi Arabia and India.
China also ranked first among the importer of Abu Dhabi’s re-exports, while Kuwait and Saudi Arabia came second and third, respectively.
Most of the Abu Dhabi’s imports came from the USA, while the second and the third largest exporters to Abu Dhabi are Saudi Arabia and Japan, respectively, the report concluded.
