Abu Dhabi’s exports up 36.6 percent to AED17.2 bn in Q4

ABU DHABI, The value of exports through Abu Dhabi ports increased by 36.6% from AED 12.6 billion in Q4 2017 to AED17.2 billion in the same period of 2018, according to the figures released by Statistics Centre – Abu Dhabi.

The business sector increased by AED4.0 billion (32.6%), the government sector by AED 518.4 million (726.1%), and the individual sector by 43.3% compared with the same period of 2017.

Exports values increased by AED3.8 billion (28.7%) during Q4 2018 compared with Q3 2018. This was as a result of increases in the value of the business sector and government by 25.6% and 1,297.7% respectively, while the value of the individual sector decreased by 19.2% over the same period.

The value of imports decreased by 0.3% from AED 27.5 billion in Q4 2017 to AED 27.4 billion in Q4 2018. The business sector decreased by AED 840.4 million (3.3%(, and the individual sector decreased by 207.9 billion (53.1%), while the government sector increased by AED957.3 million (61.2%) during the same period.

Imports values decreased by AED1.4 billion (4.8%) during Q4 2018 compared with Q3 2018. This was the result of decreases in the value of the business sector by 11.0%, while the government sector and individual sector increased by 187.6%, and 35.8% respectively at the same time.

‘Pearls, precious or semi-precious stones, imitation jewelry’, ‘Vehicles, aircraft and associated transport equipment’ and ‘Live Animals; Animal Products’ were the most significant export products of the individual sector, and represented 91.9% of the total. Goods of ‘Vehicles, aircraft and associated transport equipment’, ‘Live Animals; Animal Products’ and ‘Textiles and textile articles’ represented 69.6% of the total imports for the same sector.

The three highest contributing goods in the total value of exports of the business sector were ‘Vehicles, aircraft and associated transport equipment’, ‘Base metals and articles of base metal’, and ‘Plastics and articles thereof, rubber and articles thereof’, which contributed 62.0% of the total. Goods of ‘Vehicles, aircraft and associated transport equipment’, ‘Machinery, recorders, sound and picture broadcasting and accessories’, and ‘Base metals and articles thereof” represented 61.3% of total imports for the same sector.

‘Works of art, collectors’ pieces and antiques’, ‘Vehicles, aircraft and associated transport equipment’, and ‘Articles of wood, articles of cork, basket ware and wickerwork’ contributed most to the exports of the government sector, and represented 98.3% of the total. Goods of ‘Works of art, collectors’ pieces and antiques’, ‘Vehicles, aircraft and associated transport equipment’, and ‘Machinery equipment, sound and television recorders and reproducers, and parts thereof’ accounted for 95.1% of total imports for the same sector.

Source: Emirates News Agency