Abu Dhabi’s non-oil trade down 6.3% to 159.9 billion dirhams in 2017

Abu Dhabi’s non-oil trade data is gathered from the value of all merchandise that pass through the air, sea and land ports within its border. (Courtesy Abu Dhabi Ports)
Updated 19 February 2018
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Abu Dhabi’s non-oil trade down 6.3% to 159.9 billion dirhams in 2017

DUBAI: Abu Dhabi’s non-oil foreign merchandise trade fell 6.3 percent to 159.9 billion dirhams ($46.45 billion) last year from 170.6 billion dirhams a year earlier due to lower transactions for capital goods and transport equipment, data from the Statistics Centre-Abu Dhabi (SCAD) showed.
Total non-imports for the year slipped 1.9 percent to 115.514 billion dirhams from 117.807 billion dirhams, while non-oil exports dropped by 19.4 percent to 22.589 billion dirhams from 28.027. billion dirhams. Re-exports were also down for the year to 21.763 billion dirhams from 24.759 billion dirhams in 2016.
Meanwhile, in December 2017 alone, seasonal factors pushed aggregate non-oil trade to 13.214 billion dirhams, 3.4 percent higher compared with the same month of the previous year.
Imports rose 16.9 percent to 9.261 billion dirhams from 7.923 billion dirhams; non-oil shipments were down 1.769 billion dirhams from 1.788 billion dirhams while re-exports dropped 26 percent to 2.274 billion dirhams from 3.072 billion dirhams.
Inward shipments of industrial supplies, which comprised over a third of total imports in 2017, rose 5.5 percent to 43.788 billion dirhams from 41.486 billion dirhams a year earlier. Exports of the similar merchandise meanwhile were down 17.7 percent to 20.430 billion dirhams in 2017 from 24.837 billion dirhams previously. Re-exports plunged by almost 60 percent to 3.04 billion dirhams in 2017 from 7.246 billion dirhams in 2016.
Abu Dhabi’s major non-oil export partners last year were China with 7.572 billion dirhams in transactions; Saudi Arabia at 5.337 billion dirhams and the US with 2.824 billion dirhams. On the import side, the US shipped 16.934 billion dirhams worth of non-oil goods and merchandise to the emirate last year, 21.9 percent lower from 21.689 billion dirhams in 2016; followed by Saudi Arabia at 11.926 billion dirhams, up 6.6 percent from 11.192 billion dirhams and Japan at 10.208 billion dirhams, up 12.4 percent a year earlier.
Abu Dhabi’s non-oil trade data is gathered from the value of all merchandise that passes through the air, sea and land ports within its border, but excludes inter-emirate transactions.


China cancels trade talks with US as tariff threats escalate

Updated 22 September 2018
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China cancels trade talks with US as tariff threats escalate

  • A mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned
  • China added $60 billion of US products to its import tariff list as it retaliated against US duties on $200 billion of Chinese goods

SHANGHAI: China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.
The Wall Street Journal said a mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned.
Earlier this week, China added $60 billion of US products to its import tariff list as it retaliated against US duties on $200 billion of Chinese goods set to go into effect from Sept. 24.