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Abu Dhabi’s Non-Oil Trade Totaled $51.7 Billion

Industrial supplies topped the value of non-oil merchandise trade by economic categories in November 2021 in Abu Dhabi trade (WAM)
Industrial supplies topped the value of non-oil merchandise trade by economic categories in November 2021 in Abu Dhabi trade (WAM)
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Abu Dhabi’s Non-Oil Trade Totaled $51.7 Billion

Industrial supplies topped the value of non-oil merchandise trade by economic categories in November 2021 in Abu Dhabi trade (WAM)
Industrial supplies topped the value of non-oil merchandise trade by economic categories in November 2021 in Abu Dhabi trade (WAM)

The value of non-oil foreign trade passing through Abu Dhabi ports over 11 months in 2021 amounted to some AED190.20 billion (51.7 billion), an increase of 2.9 percent compared to the same period in 2020, which saw a total of AED184.93 billion (%50.3 billion).

This data revealed by a report, titled, "Non-Oil Foreign Merchandise Trade Through the Ports of Abu Dhabi", and published by the Statistics Centre-Abu Dhabi (SCAD).

Abu Dhabi’s non-oil trade was distributed between imports worth AED83.63 billion ($22.7 billion) and non-oil exports worth over AED71.17 billion ($19.3 billion), an increase of 5.4 percent compared to the same period last year, in addition to re-exports valued at nearly AED35.39 billion ($9.6 billion), an increase of 10 percent compared to 2020.

The value of foreign trade through Abu Dhabi’s ports in November 2021 amounted to over AED20.35 billion ($5.5 billion) compared to AED16.83 billion ($4.5 billion) during the same reporting period in 2020, divided between imports worth AED8.37 billion ($2.2 billion) or 41.1 percent of total trade, non-oil exports worth AED7.79 billion ($2.1 billion) or 38.3 percent of total trade, and re-exports worth AED4.18 billion ($1.1 billion) or 20.6 percent of total trade.

Saudi Arabia was Abu Dhabi’s leading non-oil merchandise trade partner in November 2021, when the value of their trade exchange was AED4.87 billion ($1.3 billion), followed by China with AED1.15 billion ($313 million), then the US with AED1.146 billion ($311 million).

The value of non-oil merchandise trade going through customs in November 2021 was distributed between seaports with AED7.21 billion ($1.9 billion), airports with some AED5.98 billion ($1.6 billion), and land ports with AED7.14 billion ($1.9 billion).

The value of non-oil merchandise trade in November 2021 was distributed between the economic categories of industrial supplies worth AED11.56 billion ($3.1 billion); production merchandise other than transportation equipment worth AED2.71 billion ($737 million); transport equipment, parts and accessories worth AED2.49 billion ($677 million); food and beverages worth AED1.51 billion ($411 million); consumer goods worth AED1.96 billion ($533 million); fuel and lubricants worth AED88.8 million($24.1 million), and other goods worth AED12.5 million ($3.4 million).

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More than 50 Countries Have Contacted White House to Start Trade Talks, Trump Adviser Says

A view of a container terminal at Tanjung Priok Port in Jakarta, Indonesia, February 12, 2025. (Reuters)
A view of a container terminal at Tanjung Priok Port in Jakarta, Indonesia, February 12, 2025. (Reuters)
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More than 50 Countries Have Contacted White House to Start Trade Talks, Trump Adviser Says

A view of a container terminal at Tanjung Priok Port in Jakarta, Indonesia, February 12, 2025. (Reuters)
A view of a container terminal at Tanjung Priok Port in Jakarta, Indonesia, February 12, 2025. (Reuters)

More than 50 countries have reached out to the White House to begin trade talks, a top economic adviser to US President Donald Trump said on Sunday as US officials sought to defend sweeping new tariffs that have unleashed global turmoil.

During an interview on ABC News' "This Week," US National Economic Council Director Kevin Hassett denied that the tariffs were part of a strategy by Trump to crash financial markets to pressure the US Federal Reserve to cut interest rates.

He said there were would be no "political coercion" of the central bank. In a Truth Social post on Friday, Trump shared a video that suggested his tariffs aimed to hammer the stock market on purpose in a bid to force lower interest rates.

In a separate interview on NBC News's Meet the Press, US Treasury Secretary Scott Bessent downplayed the stock market drop and said there was "no reason" to anticipate a recession based on the tariffs.

Trump jolted economies around the world after he announced broad tariffs on US imports on Wednesday, triggering retaliatory levies from China and sparking fears of a globe trade war and recession.

On Sunday morning talk shows, top Trump officials sought to portray the tariffs as a savvy repositioning of the US in the global trade order and the economic disruptions as a short-term fallout.

US stocks have tumbled by around 10% in the two days since Trump announced a new global tariff regime that was more aggressive than analysts and investors had been anticipating.

It is a drop that market analysts and large investors have blamed on Trump's aggressive push on tariffs, which most economists and the head of the US Federal Reserve believe risk stoking inflation and damaging economic growth.

Tariff-stunned markets face another week of potential tariff turmoil, with fallout from Trump's sweeping import levies keeping investors on edge after the worst week for US stocks since the onset of the COVID-19 crisis five years ago.

Hassett told ABC News' "This Week" that Trump's tariffs had so far driven "more than 50" countries to contact the White House to begin trade talks.

Taiwan's President Lai Ching-te on Sunday offered zero tariffs as the basis for talks with the US, pledging to remove trade barriers rather than imposing reciprocal measures and saying Taiwanese companies will raise their US investments.

Unlike other economists, Hassett said he did not expect a big hit to consumers because exporters were likely to lower prices.

Bessent told NBC News he did not anticipate a recession based on the tariffs, citing stronger-than-anticipated US jobs growth.

"We could see from the jobs number on Friday, that was well above expectations, that we are moving forward, so I see no reason that we have to price in a recession," Bessent said.