Today's Edition
HOSSAM EL DIN MOSTAFA (ABU DHABI)
The non-oil commodity exports of Abu Dhabi have risen to Dh40.135 billion in the second quarter of this year, compared to approximately Dh34.5 billion in the first quarter of 2024, marking a growth of 16.24 percent, according to a report issued on Monday by the Statistics Centre – Abu Dhabi (SCAD).
The increase is attributed to the rise in non-oil commodity exports from Abu Dhabi’s business sector, which recorded around Dh39.662 billion, compared to Dh33.711 billion in the first quarter of this year.
The SCAD report, titled “Non-Oil Commodity Foreign Trade through Abu Dhabi Ports for June”, noted that the main exports of the business sector in the second quarter included “goods and transactions under the standard international trade classification” valued at Dh15.52 billion, a significant increase compared to Dh7.59 billion in the first quarter, thanks to a substantial rise in gold exports during the second quarter.
The report also indicated that the non-oil commodity export list for businesses included manufactured goods valued at Dh7.72 billion, machinery and transport equipment valued at Dh6 billion, chemical products and related items valued at Dh4.52 billion, miscellaneous manufactured articles valued at Dh2.78 billion, and food and live animals valued at Dh2.62 billion.
The total non-oil commodity exports for individuals during the second quarter of 2024 amounted to Dh380.8 million, while government non-oil commodity exports were valued at Dh91.5 million.
Commodity Imports
Non-oil commodity imports into Abu Dhabi during the second quarter of this year declined by 8.2 percent to Dh33.85 billion, compared to approximately Dh36.88 billion in the first quarter of 2024.
This decline was attributed to a drop in non-oil imports by individuals from Dh136.4 million to Dh125.3 million during the comparison period, as well as a decrease in non-oil commodity imports for the business sector from Dh35.64 billion to Dh32.86 billion in the second quarter of this year, and a reduction in non-oil commodity imports for government entities from Dh1.096 billion to Dh869.8 million.
The business sector includes all local and foreign companies and establishments operating in Abu Dhabi that import and export through Abu Dhabi ports.
Non-oil commodity exports refer to all goods that are fully produced locally or those in which local resources contribute to their production (excluding oil) and are exported through Abu Dhabi ports to the outside world, forming a deduction from their commodity stock.
Non-oil exports may also include goods partially produced in other emirates of the UAE.
Foreign Trade
The Abu Dhabi Statistics Centre report revealed that the volume of non-oil foreign trade through Abu Dhabi ports grew by 6 percent year-on-year (YoY) in June, reaching approximately Dh23.73 billion.
The report confirmed that Abu Dhabi’s total exports grew by 24 percent in June to Dh12.36 billion, driven by a 46 percent increase in exports to Dh8.53 billion, alongside an 8 percent decline in re-exports to Dh3.82 billion.
