Media ININ Economy We Trust
MEDIA IN, Abu Dhabi, May 6, 2018 (WAM)
The value of Abu Dhabi’s aluminum trade exceeded half a billion dirhams during the first month of this year with a growth of more than 100% compared to the same month of 2017, according to the latest figures released by the Abu Dhabi Center for Statistics on the trade of non-oil goods.
Abu Dhabi’s growth in this type of trade, according to figures from the Statistics Center, reflects the evolution of the aluminum industry in the emirate over the past few years, making the UAE one of the most advanced countries in the industry.
The value of Abu Dhabi’s aluminum trade rose to AED 505 million in January from AED 250 million in January 2017.
This type of trade accounted for 4.1% of the total non-oil trade in Abu Dhabi in January, which reached AED 12.3 billion.
Traders in the sector said that the significant growth witnessed by the aluminum trade in Abu Dhabi in particular and the UAE in general is in line with the increase in the demand for this commodity both locally and globally. They confirmed that the presence of large factories for the aluminum industry in Abu Dhabi and the UAE enhances The status of the state in this type of industry year after year.
The value of Abu Dhabi’s aluminum exports jumped to 457 million dirhams in January compared to only 193 million dirhams in the same month in 2017, according to figures from the Center for Statistics.
On the re-export trade, the value of imports reached AED 2 million at the end of January, the same figure as in January 2017. Imports reached AED 47 million compared to AED 55 million during the same period of comparison
