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Abu Dhabi's non-oil foreign trade represents strong financial ties
(MENAFN) As of the conclusion of November, the Emirate of Abu Dhabi showcased a dynamic non-oil foreign trade sector, posting an estimated value of about 23 billion dirhams, which translates to approximately 6.3 billion dollars. A breakdown of these figures, as presented by the Abu Dhabi Statistics Center, delineated the distribution across various trade segments: imports stood at 11.11 billion dirhams, exports registered at 7.51 billion dirhams, and re-exports accounted for 4.37 billion dirhams.
Zooming out to encapsulate the broader trade landscape for the emirate, statistics spanning the initial 11 months of the year illustrated a cumulative non-oil foreign trade value of 260 billion dirhams, equating to a substantial 71 billion dollars. Within this framework, imports constituted a sizable 126 billion dirhams, exports followed closely at 85 billion dirhams, and re-exports rounded off the figures at 48 billion dirhams.
Shifting the lens to strategic trade partnerships, the Kingdom of Saudi Arabia emerged as a paramount ally, capturing a dominant share of Abu Dhabi's trade portfolio with 21.1 percent of the aggregate value, equivalent to 54.8 billion dirhams. Following this lead, the United States secured its position as a significant trading partner, commanding 6.4 percent of the share, translating to 16.7 billion dirhams. Meanwhile, China clinched the third spot with a 4.7 percent contribution, valued at 12.3 billion dirhams. Delving into specific trade categories, Saudi Arabia exhibited comprehensive dominance across imports, exports, and re-exports, whereas the U.S. market excelled primarily in supplying goods to the Emirate of Abu Dhabi.
Zooming out to encapsulate the broader trade landscape for the emirate, statistics spanning the initial 11 months of the year illustrated a cumulative non-oil foreign trade value of 260 billion dirhams, equating to a substantial 71 billion dollars. Within this framework, imports constituted a sizable 126 billion dirhams, exports followed closely at 85 billion dirhams, and re-exports rounded off the figures at 48 billion dirhams.
Shifting the lens to strategic trade partnerships, the Kingdom of Saudi Arabia emerged as a paramount ally, capturing a dominant share of Abu Dhabi's trade portfolio with 21.1 percent of the aggregate value, equivalent to 54.8 billion dirhams. Following this lead, the United States secured its position as a significant trading partner, commanding 6.4 percent of the share, translating to 16.7 billion dirhams. Meanwhile, China clinched the third spot with a 4.7 percent contribution, valued at 12.3 billion dirhams. Delving into specific trade categories, Saudi Arabia exhibited comprehensive dominance across imports, exports, and re-exports, whereas the U.S. market excelled primarily in supplying goods to the Emirate of Abu Dhabi.
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