AED 20.5 billion worth of Abu Dhabi’s iron and copper trade in 9 months

Media IN Abu Dhabi 24 -01-2019 / WAM
The value of trade in the Emirate of Abu Dhabi from iron and copper to AED 20.5 billion during the first nine months of 2018 grew by 26% compared to AED 16.3 billion during the same period of 2017, according to figures released by the Abu Dhabi Statistics Center.
The trade of iron and copper accounted for 17% of the total non-oil trade of the Emirate during the period from January to September last year, which amounted to 122.2 billion dirhams.
The growth in this type of trade has been supported by the high frequency of activity of all sectors related to the iron and copper industry in the Emirate and the UAE in general since the beginning of 2018.
The iron and copper industry is one of the most important industries in the emirate because of its association with a wide range of economic activities, mainly construction and real estate.
The value of Abu Dhabi’s iron and copper exports rose to 4.45 billion dirhams from January to September 2018, up 37 per cent from 3.25 billion dirhams in the same period in 2017.
The value of re-exports of the same minerals reached AED 198 million at the end of September last year, a growth of 29% compared to AED 153 million in September 2017.
And imports reached AED 15.9 billion from the beginning of January to the end of September 2018, an increase of 22.8% compared to AED 12.94 billion during the same period of 2017.
While the value of Abu Dhabi imports of iron 10.1 billion dirhams by the end of September, its imports of copper to 5.85 billion dirhams.