Abu Dhabi /Â WAM
The total trade in Abu Dhabi of pearls, precious stones and precious metals reached AED13.3 billion during the first 11 months of 2016, according to the most recent statistics on non-oil-related commodities from its land, sea and airports.
According to traders in the sector, the trade increase in pearls, precious stones and precious metals reflected the extent of registered development of these types of commodities in Abu Dhabi and the UAE in general, which confirms a progressively growing consumer demand for these commodities in the local market that is expected to continue during the next period.
Statistics on the trade of pearls, precious stones and precious metals show a rise in the value of re-exports through Abu Dhabi ports of AED5.63 billion during the first 11 months of 2016, an increase of 125.2 percent compared to the same period in 2015, which totalled AED2.5 billion.
The value of re-exported pearls, precious stones and precious metals was around 26 percent of the total re-export trade of Abu Dhabi from November 2016 to January, totalling AED21.72 billion.
The total value of exports of these commodities reached AED3.06 billion from February 2016 to January, while imports totalled AED4.61 billion during the same period.