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FINANCIAL NEWS
Foreign trade of Abu Dhabi down 2.58% in 2010
06 Mar 2011
(MENAFN) The Director General of the General Directorate of Customs at the Department of Finance in Abu Dhabi, Saeed Ahmad Abdullah Al Muhairi, said that foreign trade of Abu Dhabi dropped by 2.58 percent to USD29.7 billion on a decline in imports in 2010, compared with the year 2009, reported Gulf News.
Al Muhairi said that Abu Dhabi witnessed a 22.2 percent increase in non-oil exports to USD3.1 billion in 2010. Re-exports climbed 26.4 percent to USD3 billion in 2010, he added.
However, imports decreased by 7.8 percent to USD23.6 billion in 2010 on year.
It is worth noting that Brazil is currently the top trading partner of Abu Dhabi for non-oil exports, followed by Norway and Saudi Arabia.
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