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Abu Dhabi Trade Bucks Trend, Rises 9pc in 2009
ABU DHABI — Abu Dhabi’s foreign trade grew nine per cent in 2009, bucking the trend in a challenging year, while the total UAE trade shrank 16 per cent in line with the global economic realities, Abu Dhabi Customs statistics issued on Tuesday showed.
The capital emirate’s total trade reached Dh112.071 billion in the year on the back of large scale investments in oil and gas and physical infrastructure.
One of the key figures of 2009 customs statistics is the growth in non-oil exports that climbed 52 per cent to Dh9.505 billion, compared to Dh6.253 billion in the previous year.
In a contrast to a sharp drop in the UAE’s total imports, Abu Dhabi showed a modest growth of four per cent to Dh93.872 billion in the year, up from Dh90.284 billion in 2008.
According to customs figures, the volume of re–export trade in 2009 jumped by 39.3 per cent over 2008 to reach Dh8.694 billion. However, the UAE’s re-exports numbers fell nine per cent in the same period.
The statistics also revealed the growing role of seaports in Abu Dhabi imports — 62 per cent of imports have come in through seaports, 27 per cent through land and 12 per cent
through airports.
“These statistics reflect trade growth witnessed in Abu Dhabi, a strong trading centere in the region”, Saeed Ahmed Abdullah Al Muhairi, Director-General of Abu Dhabi Customs said.
He said that the trade policy pursued by the emirate has clearly been
uccessful.
Qatar occupied first place in terms of exports volume, while Saudi Arabia came second. United States was ranked in first place in imports volume, while Germany and Saudi Arabia were second and the third respectively.
One of the most striking features was the growth in the value of imports from South Korea, soaring 403 per cent in 2009 as compared to 2008.
“Abu Dhabi’s trade policy is based on economic openness and trade liberalisation with special effort, over the past few years, towards attracting foreign investment to increase opportunities for development and prosperity,” the director-general said.
The UAE, and Abu Dhabi in particular, enhanced economic and trade relations with a large number of countries around the world which has increased trade, especially in the non-oil and commodities sectors, said Al Muhairi.
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