Abu Dhabi: The total value of trade of non-oil merchandise through Abu Dhabi’s ports in the fourth quarter of 2014 reached Dh39.4 billion, a 15.8 per cent increase over the same quarter of 2013, according to the latest figures released by the Statistics Centre Abu Dhabi (Scad).
Meanwhile, imports decreased by Dh1.6 billion (5.9 per cent), while non-oil exports increased by Dh524 million (12.6 per cent) and re-exports by Dh3.3 billion (91.6 per cent) during the last quarter of the year.
Figures by Scad also showed that imports contributed 70.6 per cent of total foreign trade in the fourth quarter 2014, while non-oil exports and re-exports accounted for 11.9 per cent and 17.5 per cent respectively.
Largest contributor
According to the report, the category of machinery and transport equipment was the largest contributor to imports, accounting for 46.7 per cent of the total — up by Dh555 million (4.5 per cent) over the same quarter of 2013.
Asia supplied the largest proportion of imports, accounting for 43.2 per cent of the total. Imports from Europe and North America represented 30.6 per cent, and 14.5 per cent of the total respectively. The top ten import partners contributed 64.9 per cent of total imports, led by the US whose share was Dh3.7 billion — an increase of 4.2 per cent. Increases were also reported in imports from South Korea (up Dh709 million), Italy (up Dh209 million), and Japan (up Dh105 million).
Imports fall
Decreases were led by a fall of Dh200 million in imports from France over the period.
Looking at exports, the top 10 export partners contributed 72.7 per cent of total non-oil exports. Saudi Arabia was the leading destination with Dh1.1 billion — a 25.7 per cent decrease.
In terms of re-exports, Asia was the top destination for Abu Dhabi’s re-exports, importing 84 per cent of4 re-exports.
The next largest destination was Europe, which imported 8.9 per cent of re-exports.
The top ten re-export partners contributed 85.1 per cent of total re-exports, with Saudi Arabia importing the largest proportion (26.1 per cent) of re-exports, followed by Turkey, Bahrain, and Qatar.
