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FINANCIAL NEWS
Abu Dhabi foreign trade saors
14 Jan 2014
(MENAFN) Abu Dhabi’s gross domestic product (GDP) was mainly dominated by foreign trade as it comprised 65.9 percent of the total GDP in 2012, Khaleej Times reported.
Oil exports in the emirate continued to rise in 2012, but that didn’t stop its foreign direct investment (FDI) from further improving by 7.8 percent to USD14.2 billion.
Total foreign trade in Abu Dhabi came at more than USD163.3 billion in 2012, pushed by strong oil contribution, the Department of Economic Development said.
The emirate’s oil exports accounted for 93.7 percent of the total exports coming at USD122.9 billion in 2012. Non-oil commodities’ export value hit USD4.1 billion in the year, increasing 34.2 percent versus 2011.
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