The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM
The value of non-oil foreign merchandise trade through Abu Dhabi ports increased 11.5 percent from AED32.1 billion in January to February 2018 to AED35.8 billion in the same period of 2019.
This was the result of a 47.0 percent increase in re-exports from AED 6.0 billion to AED 8.8 billion and 5.6 percent increase in imports, while the value of non-oil exports decreased by 0.3 percent in the same period.
Total trade increased 7.3 percent in February 2019 compared with February 2018 due to an increase in re-exports by 54.7 percent, while the value of exports and imports decreased by 9.4 percent and 0.2 percent respectively in the same period. The growth in re-exports reflects the prestigious position now boasted by the emirate, in particular and the UAE in general as a regional hub for non-oil trade thanks to the country’s modern infrastructure, including strategic ports and state-of-the-art facilities.