Complex Made Simple

Abu Dhabi’s commodity imports hits AED108 billion in 2014

Japan imported 31.8 per cent of the emirate’s crude oil output

The Statistical Yearbook of Abu Dhabi 2015 issued by the Statistics Centre – Abu Dhabi (SCAD) shows the important role played by foreign trade, which accounts for a significant percentage of Abu Dhabi’s GDP in the emirate’s economy.

The commodity trade net is equivalent to 25 per cent of its GDP, which reflects the vital role played by foreign trade in the economy, in general, as well as strength of the market and its development in Abu Dhabi.

In 2014, Abu Dhabi’s commodity imports amounted to AED108bn, compared with AED100.3bn in 2013 and the total non-oil commodity exports in 2014 amounted to AED19bn, while the value of re-exports amounted to an equivalent of AED25.3bn in 2014, compared with AED16.4bn in 2013, UAE-based Al Ittihad reports.

According to 2014 statistics, the export of crude oil through Abu Dhabi’s crossing points amounted to 730 million barrels, while Japan, as the main importer, accounted for 31.8 per cent of Abu Dhabi’s crude oil output.

In 2014, Abu Dhabi exported 36.3m metric tonnes of refined petroleum products. Netherlands ranked first in the list of the countries importing these products at 25.4 per cent, followed by France at 11 per cent.

Compared with 2013, export of liquefied natural gas (LNG) through Abu Dhabi’s crossing points witnessed a decline of AED17bn in 2014, while the volume of Abu Dhabi’s LNG output amounted to AED820.2bn cubic feet in 2014.

Japan topped the list of countries importing LNG at 97.8 per cent.