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Value of UAE non/oil trade in first half of 2019 amounts to AED786 billion

Wam/Abu Dhabi
Filed on April 2, 2020

(AFP)

The total value of the UAE's non-oil trade in the first half of 2019 increased to Dh786 billion, a 3.3 per cent growth compared to Dh760.5 billion in the first half of 2018, according to the Federal Competitiveness and Statistics Authority, FCSA. 

The FCSA's figures also showed that all non-oil-related trade indexes in the UAE improved in the first half of 2019, led by export and re-export trade indexes. 

The International Merchandise Trade Statistics is a specialised and comprehensive collection of data that provides official statistics on merchandise movements between countries and regions, and the continued interest in international merchandise trade is due to its critical role in achieving economic development.

The value of re-exports increased in the first half of 2019 to Dh226.2 billion, a three per cent increase compared to Dh219.8 billion in the same period of 2018. The value of exports amounted to Dh341.9 billion in the first half of 2019, a six per cent increase compared to Dh322.4 billion in the same period of 2018.

The value of imports amounted to Dh444 billion in the first half of 2019, a 1.4 per cent increase compared to Dh438 billion in the same period of 2018.

- Wam


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