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Abu Dhabi Trade In Aluminum, Copper Hits AED3.4 bn In January, February |
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The Abu Dhabi trade in aluminum and copper amounted to around AED3.4 billion during the first two months of 2019, a growth of 14 percent from the same period last year, according to the Statistics Centre - Abu Dhabi (SCAD). The trade in the two metals accounts for 9.5 percent of the emirate's total non-oil trade volume during the two months, which is valued at AED35.8 bn. The trade in aluminum and copper is one of the key feeders to major economic activities, primarily construction and real estate and the significant growth in their trade corroborates the prestigious position enjoyed by the emirate in particular and the country in general across this industry. As per SCAD figures, the emirate's aluminum exports amounted to AED1.1 bn from January to the end of February, 2 percent up from AED980 million during the corresponding period last year. Aluminum re-exports reached AED16.5 million during the two months against AED16 million as compared to the same period of 2018. Imports of the same metal dropped to AED65 mn from AED102 million in the first two months of 2018. In the same time, the copper imports valued AED1.45 bn, with re-exports of the same metal standing at AED11.5 million and exports at AED770 million. |
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