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FINANCIAL NEWS
Abu Dhabi GDP hits USD259b in 2013
06 Nov 2014
(MENAFN) According to the Statistics Centre Abu Dhabi (SCAD), Abu Dhabi’s gross domestic product registered a growth of 4.8 percent to USD259.46 billion in 2013 compared to USD247.62 billion in the previous year, Emirates 24/7 reported.
SCAD said that the value of commodity imports reached USD27.30 billion in 2013 compared with USD32.39 billion in 2012, with the largest imports category being machinery, sound recorders, reproducers and parts, which together accounted for 23.2 percent of the total value.
Meanwhile, non-oil exports amounted to USD4.35 billion with base metals contributing 49.7 percent of the total of these imports and Saudi Arabia being the top destination of Abu Dhabi’s non-oil exports, with the worth of imported goods reaching USD1.82 billion.
Imports of merchandise from Asian countries declined to USD11.94 billion during 2013, compared to USD14.80 billion in 2012, while non-oil exports to Asian countries amounted to USD3.94 billion.
During 2013, Abu Dhabi exported 1billion barrels of crude oil in 2013, with Japan being the top importer receiving around 36.5 percent of the emirate’s total crude exports, while Abu Dhabi exported 10 million metric tons of refined petroleum products, of which Netherlands bought 24.7percent, followed by Japan which purchased 15.8 percent.
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