Abu Dhabi's non-oil foreign merchandise trade decreases by 7.3%

Abu Dhabi: The value of non-oil foreign merchandise trade through Abu Dhabi ports decreased by 7.3 per cent from AED71.7 billion during the first four months of 2019 to AED66.5 billion in the same period of 2020.
This was the result of a 24.6 per cent drop in re-exports from AED17.3 billion to AED 13.0 billion, and an 8.5 per cent decline in non-oil exports from AED20.1 billion to AED18.3 billion, while the imports increased by 2.2 per cent in the same period, according to figures released by Statistics Centre - Abu Dhabi (SCAD), on Monday.
The total trade declined by 41.3 per cent in April 2020 compared with April 2019, due to a drop in re-exports, non-oil exports, and imports by 54.2 per cent, 47.3 per cent, and 32.9 per cent respectively in the same period.
SCAD noted that Saudi Arabia continued to be the key trade partner of Abu Dhabi during the reference period, with the two-way trade value standing at AED15.95 billion, accounting for 73.4 per cent of the emirate's total trade in the reference period with four GCC states, namely KSA, Bahrain, Kuwait and Oman, with which Abu Dhabi's non-oil foreign merchandise trade totalled AED21.74 billion.
Abu Dhabi's exports to Saudi Arabia reached AED7.182 billion during the reference period, with re-exports standing at AED4.844 billion and imports at AED3.93 billion. The total trade with Kuwait stood at AED2.47 billion, followed by Oman, AED1.69 billion and Bahrain, AED1.63 billion.