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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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China’s Economy Grows at a 5.4% Annual Pace in Jan-March Quarter 

People walk past a clothing shop in Beijing on April 16, 2025. (AFP)
People walk past a clothing shop in Beijing on April 16, 2025. (AFP)
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China’s Economy Grows at a 5.4% Annual Pace in Jan-March Quarter 

People walk past a clothing shop in Beijing on April 16, 2025. (AFP)
People walk past a clothing shop in Beijing on April 16, 2025. (AFP)

China's economy expanded at a 5.4% annual pace in January-March, supported by strong exports ahead of US President Donald Trump’s rapid increases in tariffs on Chinese exports, the government said Wednesday.

Analysts are forecasting that the world’s second largest economy will slow significantly in coming months, however, as tariffs as high as 145% on US imports from China take effect.

Exports were a strong factor in China’s ability to attain a 5% annual growth rate in 2024 and the official target for this year remains at about 5%.

Beijing has hit back at the US with 125% tariffs on American exports, while also stressing its determination to keep its own markets open to trade and investment.

In quarterly terms the economy grew 1.2% in January-March.

Chinese exports surged more than 12% in March and nearly 6% in the first quarter, as companies rushed to beat Trump’s tariffs. That has supported robust manufacturing activity in the past several months.

But despite relatively fast growth by global standards, the Chinese economy has struggled to regain momentum since the COVID-19 pandemic, partly due to a downturn in the property market resulting from a crackdown on excess borrowing by developers.

The tariffs crisis looms as another massive blow at a time when Beijing is striving to get businesses to invest and hire more workers and to persuade Chinese consumers to spend more.

Both private and public sector economists have remained cautious about what to expect, given how Trump has kept switching his stance on the details of his trade war.

"Given the events over the past two weeks, it is extremely difficult to predict how the US and China tariffs on each other might evolve," Tao Wang and other UBS economists said in a report.

The International Monetary Fund and Asian Development Bank have stuck with more optimistic forecasts of about 4.6% growth this year.

After taking office, Trump first ordered a 10% increase in tariffs on imports from China. He later raised that to 20%. Now, China is facing 145% tariffs on most of its exports to the United States.

UBS estimates that the tariffs, if they remain roughly as they are, could cause China’s exports to the United States to fall by two-thirds in coming months and that its global exports could fall by 10% in dollar value. It cut its forecast for economic growth this year to 3.4% from an earlier 4%. It expects growth to slow to 3% in 2026.

China has stepped up efforts to spur more consumer spending and private sector investment over the past seven months, doubling down on subsidies for auto and appliance trade-ins and channeling more funding for housing and other cash strapped industries.