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Abu Dhabi Foreign Trade Reaches AED 109.176 Billion In 2010 |
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Non-oil exports grew by 22 per cent to AED 11.61 billion. Imports touched 86.574 billion. Re-exports grew by 26.4 per cent to AED 10.991 billion. Brazil, Unites States and Bahrain top trading partners of Abu Dhabi. Custom ports of Abu Dhabi witness growth in exports and re-exports and a decline in imports.The Department of Finance - General Directorate of Customs in Abu Dhabi, announced today the annual statistics on the foreign trade of Abu Dhabi during 2010 via land, sea and air ports. According to these statistics, the total volume of foreign trade of the Emirate of Abu Dhabi reached AED109.176 billion in 2010, a decrease of 2.58 per cent compared to 2009. Non-oil exports from Abu Dhabi grew to AED 11.61 billion, compared to AED 9.5 billion in 2009, an increase of 22.2 per cent. The customs statistics showed a decline in imports to the Emirate of Abu Dhabi in 2010 recording AED 86.574 billion, a decline of 7.8 per cent compared to AED 93.872 billion in 2009. Re-exports reached AED 10.991 billion, up 26.4 per cent compared to AED 8.694 billion in the year 2009. Saeed Ahmed Abdullah Al Muhairi, Director General of General Directorate of Customs in Abu Dhabi, said: "The statistical data for 2010 shows continued growth in the non-oil exports and re-exports compared to 2009, with a minor decline in imports. These figures reflect the overall improvement of the trade balance of the Abu Dhabi over the past year." Al Muhairi added: "The figures reflect the growth of non-oil export competitiveness of UAE products in global markets as well as the soundness of the economic policies pursued by our wise leadership. We continuously strive to facilitate foreign trade and reinforce growth in the volume of exports, fuelling the economic activities in the country. As a result, we expect further positive results in terms of foreign trade during the year 2011. Statistics of the annual foreign trade volumes revealed the growing role of airports, where imports through airports stood at 19.4 per cent, marine ports at 57.4 per cent and land ports at 23.2 per cent. Al Muhairi said: "Foreign trade plays an important role in the formation of economic relations between the UAE and the other countries in the world. We seek to maximize the country’s foreign trade, which is an influential element in the economy and one of the important indicators that reflect the country’s economic conditions. We also seek to boost the Emirate’s business community relationship with other countries for greater cooperation with developed economies and benefit from the advanced technology available to them." The report of foreign trade showed ratios of imports, re-exports and exports in accordance to countries being dealt with. It was revealed in the report that Brazil is Abu Dhabi’s top trading partner for non-oil exports, followed by Norway and the Kingdom of Saudi Arabia in the third place. The most remarkable feature of this year’s report in terms of export growth value is that exports to Oman increased by 110 per cent. United States was Abu Dhabi’s top trading partner in terms of imports, followed by Saudi Arabia as second place and Japan as third. Between the year 2009 and 2010, imports from Turkey saw significant increase of 49 per cent. In terms of re-exports, Bahrain ranked first, followed by Qatar and Kingdom of Saudi Arabia. Re-exports to Pakistan grew highest, with an increase of 373 per cent.
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