What's Hot

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023

    Wafeq raises USD 3 million in seed round

    January 26, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      Hyosung Heavy Industries to start construction on South African energy storage project

      December 12, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      “Made in Libya” to promote economy and trade

      December 30, 2022
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Social investment platform InvestSky raises USD 3.4 million

      Business Entrepreneurship Finance January 12, 2023
      Recent

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023

      African startups face challenges in 2023

      January 10, 2023

      MENA startups raised USD 125 million in December

      January 6, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business & Trade

    Abu Dhabi’s non-oil foreign trade climbs to USD 33 billion in H1 2022

    August 15, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    non-oil foreign trade
    Abu Dhabi's non-oil foreign trade has grown by 12% in the first half of 2022.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Abu Dhabi’s non-oil foreign trade grows by 12%, with Saudi Arabia, Switzerland and the US as the emirate’s top trading partners.

    Abu Dhabi’s non-oil foreign trade reached approximately USD 33 billion over H1 2022. This is compared to approximately USD 30 billion over the same period in 2021, for a growth rate of 12%.

    Non-oil foreign trade: Exports and re-exports

    Exports during the first six months of this year increased by 26%, at a value of approximately USD 13.5 billion, compared to USD 10.6 billon during the same period in 2021. Re-export activities increased to 6% at a value of USD 6.4 billion compared to last year.

    The value of the trade-in commodities from non-precious metals and their products increased to USD 6.6 billion, with a growth rate of 22%, compared to USD 5.4 billion.

    The trade in sound and image machinery and broadcasting equipment and their accessories recorded growth of 23%. The trade in pearls, gemstones, precious metals and their products increased by 40%.

    Non-oil foreign trade partners

    The Kingdom of Saudi Arabia was Abu Dhabi’s largest trade partner, increasing to USD 7.7 billion, a growth rate of 3%. Saudi was followed by Switzerland with a total value of USD 2.6 billion, representing a growth of 260% compared to last year. The US, China and Kuwait rounded out the top five trade partners.

    Customs services expanding

    Rashed Lahej Al Mansoori, Director-General, General Administration of Customs, Abu Dhabi Customs, said, “Abu Dhabi Customs continues to walk steadily towards achieving its vision to be a World-Class Customs Authority, leading change effort to enhance security, facilitate trade and provide distinguished services, constantly prompting to invest in advanced technologies that rely on digital technologies and artificial intelligence, which effectively contributes to saving time and effort for customers, and supports their choice of the Emirate of Abu Dhabi to be a destination for their operations.”

    He added that Abu Dhabi Customs continued to develop proactive strategic services that had contributed effectively to the development of the customs system across land borders and sea and air ports to facilitate customs inspections. This led to a positive effect on cooperation with strategic partners concerning the increase of the value of commercial exchanges and their growth during the first half of the year compared to the same period in 2021, according to Al Mansoori.

    The importance of accurate data

    Ahmed Mahmoud Fikri, Director-General of Statistics Centre-Abu Dhabi, said, “Foreign trade statistics represent a major axis of the decision-making and policies due to the accurate data it provides that are used to set a detailed picture of the whole performance of the economy. In this context, the Statistics Centre, Abu Dhabi, looks forward to developing an advanced statistical system that consolidates continuous cooperation with statistical work partners from producers and users of statistical data to provide continuous support to decision policymakers in the Emirate.”

    A recent UN report highlighted a 15% rise in global trade over Q1 2022, but warned of a coming slowdown.

    Abu Dhabi non-oil foreign trade trade
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleConvertedin raises USD 3 million in Seed round
    Next Article Afriguild strikes investment deal with Adaverse  

    Related Posts

    Business Innovation Startups

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023
    Business Entrepreneurship

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023
    Business Entrepreneurship

    Wafeq raises USD 3 million in seed round

    January 26, 2023
    View 1 Comment

    1 Comment

    1. Pingback: UAE’s non-oil trade grows by 17% in H1 2022

    Leave A Reply Cancel Reply

    LATEST STORIES

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023

    Wafeq raises USD 3 million in seed round

    January 26, 2023

    African startups double debt financing

    January 25, 2023

    Matbakhi raises USD 2.3 million in pre-Seed round

    January 24, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.