Non-oil exports from the Abu Dhabi have reached AED 3.7 billion. While Abu Dhabi’s re-exports touched AED 2.4 billion highlighting the growing role of Abu Dhabi as a vital trading hub as per a report published by the Customs Directorate at the Abu Dhabi Department of Finance (DoF). The report includes import, export and re-export data on Abu Dhabi’s top ten trading partners.
Qatar (AED 873.7 million), China (AED 518.4 million) and Saudi Arabia (AED 500 million), rank as the top three destinations for Abu Dhabi’s non-oil exports. India was the leading re-export destination from Abu Dhabi with re-export volumes to India reaching AED 559.6 million, followed by re-exports to Oman (AED 411.3 million) and Qatar (AED 380.2 million).
"The report highlights the open economy in Abu Dhabi following the direction provided by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the President of the UAE, and His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. As an organization, we are fully prepared to play a key role in increasing the Emirate's revenues by energizing bi-lateral trade with our partners," said Saeed Ahmed Al Muhairi, Vice Director of the Abu Dhabi Customs Administration.
"We are pleased at bi-lateral trade growth which reflects the status of Abu Dhabi as an increasingly important and vital commercial hub in the region. The Abu Dhabi Customs Administration is committed to implementing the guidelines of H.H. Sheikh Mohammed Bin Khalifa, Chairman of DoF and the strategic vision of H.E. Hamad El Hurr Al Suwaidi, DoF’s Undersecretary, in our bid to play a key role in the economic growth of the UAE," he added.
In 2007, Abu Dhabi’s imports reached AED 18.9 billion with Japanese imports into Abu Dhabi accounting for AED 4.4 billion. Saudi Arabia was the second biggest import partner for Abu Dhabi with AED 3.3 billion of Saudi exports to the Emirate. Germany was in third place with AED 2.6 billion.
© 2008 Al Bawaba (www.albawaba.com)
