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Abu Dhabi's Non-Oil Trade Surges to AED281.9 Billion in 2023

Abu Dhabi's non-oil foreign trade reached AED281.9 billion in 2023, marking an 8% increase compared to the previous year's AED260.4 billion. This growth underscores the emirate's ongoing efforts to diversify its economy and reduce dependence on oil revenues.

Imports played a significant role in this expansion, rising by 19% to over AED136.4 billion, up from AED114.3 billion in 2022. Re-export activities also experienced an 11% uptick, totaling nearly AED52.4 billion compared to AED47.2 billion the prior year.

Several key sectors contributed to this upward trajectory. Trade in base metals and related products grew by 11%, surpassing AED53.1 billion. Machinery, sound and image recording equipment, and accessories saw a 16% increase, reaching AED44.7 billion. The transport equipment sector recorded a 12% rise, amounting to AED43.5 billion, while trade in pearls, precious stones, and precious metals and their products expanded by 13% to AED42.3 billion.

The emirate's ports were instrumental in facilitating this trade growth. Land ports handled AED112.9 billion in non-oil foreign trade, reflecting a 14% increase. Sea ports managed AED103.6 billion, up by 13%, and airports processed AED65.3 billion in trade volume.

Government initiatives have been pivotal in achieving these results. Policies and strategic decisions aimed at creating a conducive business environment have bolstered trade activities. Additionally, the adoption of advanced technologies and systems by Abu Dhabi Customs has enhanced operational efficiency, streamlining customs procedures and facilitating smoother trade movements.

The positive trend in Abu Dhabi's non-oil trade aligns with the broader national vision of economic diversification. The UAE's non-oil foreign trade reached AED3 trillion in 2024, a 14.6% increase from the previous year, achieving 75% of the AED4 trillion target set for 2031. Non-oil exports contributed significantly, climbing 27.6% to a record AED561.2 billion, nearly 70% of the AED800 billion goal.
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