The overall value of Abu Dhabi’s non-oil foreign trade in the first quarter of 2022 was Dhs61.522 billion, a 15% increase over Q1 2021.
Exports increased by 35% year on year and were valued at Dhs24.449 billion, while imports increased by 5% and were valued at Dhs25.374 billion.
According to news agency WAM, re-exports were valued at Dhs11.698 billion, a 4% rise from Dhs11.237 billion the previous year.
The value of trade-in commodities from ordinary metals and their products hit Dhs12.83 billion, a 27% increase from Dhs9.491 billion in Q1 2021, while trading in pearls, precious stones, precious metals, and their products increased by 78% during the same period.
The commerce in wood and its products, cork, mats, and baskets increased by 47%, while the trade-in leather items, animal kits, and travel equipment increased by 43%.
Saudi Arabia accounted for 23% of overall commerce, valued at Dhs13.921 billion, followed by Switzerland at 8%, the United States at 7%, China at 5%, and India at 5%.
Overall, Abu Dhabi’s GDP at constant prices increased by 1.9% in 2021 compared to 2020, while non-oil GDP increased by 4.1%. In 2021, non-oil activities provided 49.7% of GDP at constant prices. According to the Statistics Centre-Abu Dhabi (SCAD), non-oil growth rates in 2021 will be 23.1 percent for agriculture, forestry, and fishing, 21.7 percent for health and social services, 19.7 percent for arts, entertainment, and recreation, 17.3 percent for wholesale and retail trade, 14.7% for accommodation and food service activities, and 14.7% for transportation and storage. In 2021, mining and quarrying activities (which include crude oil and natural gas) will account for approximately 50.3 percent of Abu Dhabi’s real GDP.
