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Abu Dhabi’s non-oil foreign trade hit AED 77.8 bn in 3Q 2024, marking a 12.9% y-o-y increase, according to import and export data (here, pdf, and here, pdf) from Abu Dhabi’s statistics center. Imports fell 3% y-o-y to AED 35 bn, while exports and re-exports increased 30.2% y-o-y to AED 42.8 bn, widening its trade surplus to AED 7.8 bn, according to the data.
On a nine-month basis, trade increased 4.6% y-o-y to AED 223.2 bn. Imports rose 1.9% y-o-y to AED 105.7 bn, while exports increased 7.2% y-o-y to AED 117.5 bn.
REMEMBER- The UAE’s foreign trade increased by 11.2% y-o-y in 1H 2024, reaching an all time high of AED 1.395 tn. Non-oil exports rose 25% y-o-y in 1H 2024 to AED 256.4 bn, with the target for non-oil foreign trade for the year set at AED 3 tn.
