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131580
Tue, 07/06/2010 - 14:34
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Abu Dhabi Statistics: Re-exports grow 43.4 per cent during Q1 2010
Abu Dhabi, July 6, 2010 (WAM)- Statistics Centre - Abu Dhabi (SCAD) quarterly bulletin on foreign trade through the ports of the Emirate of Abu Dhabi during the first quarter of 2010 showed an impressive 43.4 per cent surge in re-exports in addition to an increase of 4.1 per cent in non-oil exports over the same period.
According to the bulletin issued yesterday, imports made up 83.1 per cent of Abu Dhabi's foreign trade by value during Q1 2010.
SCAD released this report to present quarterly analysis of the emirate's foreign trade data to meet the needs of planners, policy makers, researchers, etc, and provide them with figures on commodity imports, exports and re-export (with the exception of oil) traded via Abu Dhabi Customs posts during the first quarter of 2010 compared to the first quarter of 2009.
The report highlighted the contributions and growth in commodity groups classified by value, type of use, broad economic categories and chapters of the Harmonized System. The report also analyzes the emirate's foreign trade in terms of regional distribution according to countries of origin of the imported goods and country of destination of exported and re-exported goods. The report is concluded with tables providing data on its key topics.
On re-exports, SCAD's Quarterly Report showed that re-exports ranked as the second component of Abu Dhabi foreign trade by value, making up 10.5 per cent for the first quarter of 2010.
It also showed that capital goods constituted more than half of (50.3 per cent) of the re-exported goods during the first quarter of 2010, marking a growth of 103.6 per cent compared with the first quarter of 2009.
"Machinery, equipment and parts" group topped the list, constituting 37.0 per cent of total re-exports for the period under review, followed by of various types of consumer goods which made up 22.3 per cent of re-exports, growing by 29.1 per cent. The top items on this group were electrical equipment, sound and image recorders sound recorders and reproducers and articles of apparel, clothing and accessories. Transportation equipment accounted for a share 15.2% of re-exports and recorded a growth of 2.3 per cent compared with the first quarter of 2009.
On non-oil exports, SCAD's report showed oil exports contributed 6.4 per cent of the value of foreign trade in Q1 2010. Most of the export groups showed positive growth at varying rates in the first quarter of 2010. Durables, semi -durable and non-durables goods topped the list, growing at a remarkable 275.3 per cent and accounting for 9.9 per cent of non-oil exports. Next on the list were foodstuffs, which grew at 27.0 per cent and contributed 8.3 per cent of non-oil exports, followed by industrial supplies with a growth rate of 19.8 per cent and the largest contribution to foreign trade (66.6 per cent) during the reporting period. "Plastics and related products" were among the key exports within this category and accounted for 32.8 per cent of its exports. Exports of capital goods retreated by 53.3 per cent, while the contribution of this category amounted to 13.9 per cent and most important exports in this category were: machinery, equipment, machine tools and their parts.
Imports by Top Source Countries
As SCAD's quarterly report revealed USA supplied 11.6 per cent of Abu Dhabi imports during Q1 2010, followed by Saudi Arabia (11.6 per cent), Japan (10.8 per cent). of the value of imports for the first quarter of 2010, Germany (9.9 per cent), Italy (5.0 per cent), France (4.6 per cent), United Kingdom (4.3 per cent) and China (2.7 per cent).
Even though the aforesaid countries accounted for the largest share of exports during the period under review, imports from these countries have declined compared to 2009 on a year-on-year basis, especially in regard to imports from Germany, France, USA and Italy. On the other hand, imports from South Korea and Qatar showed a year-on-year growth of 15.0 per cent and 196.9 per cent respectively. Imports from the rest of the world accounted for 32.2 per cent of total imports in first quarter of 2010, growing at 6.5 per cent compared to first quarter of 2009.
Top Destinations of Abu Dhabi Exports,
According to SCAD's quarterly report, Saudi Arabia ranked the top country of destination for Abu Dhabi exports during Q1 2010, receiving 17.3 per cent of the emirate's imports during the period specified, followed by the Sultanate of Oman (16.3 per cent) and Qatar (12.6 per cent).
However, exports to Saudi Arabia fell by 29.6% compared with the first quarter of 2009, while non-oil exports to the Sultanate of Oman, Qatar, Iran, Egypt, South Africa and Yemen registered a positive growth during the reference period.
Top Destinations of Abu Dhabi Re-exports
The main destination of Abu Dhabi re-exports was Bahrain, whose share of the emirate's total re-exports was 30.0%, followed by Qatar (20.3%), Saudi Arabia (13.2%), Kuwait (7.2%) and the Sultanate of Oman (5.1%).
As seen from the above figures, the GCC region purchased 75.9% re-exports by value during the first quarter of 2010, which saw a positive growth in re-exports to all GCC countries with the exception of Oman, in the case of which the figure tumbled by 48.5% compared with the first quarter of the year 2009.
SCAD's report points to a decline 9.7% in value of foreign trade of the Emirate of Abu Dhabi for the first quarter of the current year. The Emirate's foreign retreated from Dh28.1 billion in Q1 2009 to Dh25.3 billion in 2010, i.e. down by 9.7% year-on-year.
The Centre's bulletin attributes this drop to the decline in the value of commodity imports, which fell by 14.6%.
Imports, as the reports observed, Abu Dhabi imports represent an economic factor of great significance since it supplies the emirate with its needs of goods for direct and intermediate consumption as well as capital goods to provide industry with primary and processed supplies. In this regard the report reveals that primary and processed industrial supplies made up 32.3% of Q1 2010 imports marking a growth of 2.6% year-on-year, followed by capital goods (except transportation equipment), which contributed 28.0% of total imports, but decline 27.0% during the periods compared. Next on the list of imports was transportation equipment, including various types of passenger cars, industrial and non-industrial transport equipment and their parts and accessories with a share of 25.1% of total imports.
It is noted that the parts and accessories accounted for more than half of the share of this category (12.9%), which declined by 27.1%, compared to the first quarter of 2009. The food and beverages category accounted for 6.1% of imports over the first quarter of 2010 and grew at 13.6 %, while durable, semi-durable and non-durable consumer goods accounted for 7.0% of total imports by value, growing at 4.4% during the first quarter of 2010.
According SCAD's report commodity imports were dominated by capital goods, while goods intended for direct consumption constituted only a tiny fraction of Q1 2010 imports.
Top Commodity Imports
As for the main commodity imports during the first quarter of 2010, the report showed that machinery, equipment, machine tools and parts accounted for 22.8% of the value of imports, followed motor vehicles and parts, with a contribution of (15.0%), electrical machinery and equipment and their parts (8.8%), aircraft and their parts (6.7%), steel (6.4%), and medical optical, imaging and measurement devices, which made up (1.6%) of imports during the first quarter of 2010.
Despite their considerable contribution, total imports of these commodities dropped at varying rates compared to the previous year (2009). On the other hand cast iron and steel, contributed 5.0% of Q1 2010 imports, copper and copper articles, plastic and related products and pharmaceutical products have all shown a positive growth at different rates, thus slowing down the decline in imports during the first quarter of 2010. – Emirates News Agency, WAM
According to the bulletin issued yesterday, imports made up 83.1 per cent of Abu Dhabi's foreign trade by value during Q1 2010.
SCAD released this report to present quarterly analysis of the emirate's foreign trade data to meet the needs of planners, policy makers, researchers, etc, and provide them with figures on commodity imports, exports and re-export (with the exception of oil) traded via Abu Dhabi Customs posts during the first quarter of 2010 compared to the first quarter of 2009.
The report highlighted the contributions and growth in commodity groups classified by value, type of use, broad economic categories and chapters of the Harmonized System. The report also analyzes the emirate's foreign trade in terms of regional distribution according to countries of origin of the imported goods and country of destination of exported and re-exported goods. The report is concluded with tables providing data on its key topics.
On re-exports, SCAD's Quarterly Report showed that re-exports ranked as the second component of Abu Dhabi foreign trade by value, making up 10.5 per cent for the first quarter of 2010.
It also showed that capital goods constituted more than half of (50.3 per cent) of the re-exported goods during the first quarter of 2010, marking a growth of 103.6 per cent compared with the first quarter of 2009.
"Machinery, equipment and parts" group topped the list, constituting 37.0 per cent of total re-exports for the period under review, followed by of various types of consumer goods which made up 22.3 per cent of re-exports, growing by 29.1 per cent. The top items on this group were electrical equipment, sound and image recorders sound recorders and reproducers and articles of apparel, clothing and accessories. Transportation equipment accounted for a share 15.2% of re-exports and recorded a growth of 2.3 per cent compared with the first quarter of 2009.
On non-oil exports, SCAD's report showed oil exports contributed 6.4 per cent of the value of foreign trade in Q1 2010. Most of the export groups showed positive growth at varying rates in the first quarter of 2010. Durables, semi -durable and non-durables goods topped the list, growing at a remarkable 275.3 per cent and accounting for 9.9 per cent of non-oil exports. Next on the list were foodstuffs, which grew at 27.0 per cent and contributed 8.3 per cent of non-oil exports, followed by industrial supplies with a growth rate of 19.8 per cent and the largest contribution to foreign trade (66.6 per cent) during the reporting period. "Plastics and related products" were among the key exports within this category and accounted for 32.8 per cent of its exports. Exports of capital goods retreated by 53.3 per cent, while the contribution of this category amounted to 13.9 per cent and most important exports in this category were: machinery, equipment, machine tools and their parts.
Imports by Top Source Countries
As SCAD's quarterly report revealed USA supplied 11.6 per cent of Abu Dhabi imports during Q1 2010, followed by Saudi Arabia (11.6 per cent), Japan (10.8 per cent). of the value of imports for the first quarter of 2010, Germany (9.9 per cent), Italy (5.0 per cent), France (4.6 per cent), United Kingdom (4.3 per cent) and China (2.7 per cent).
Even though the aforesaid countries accounted for the largest share of exports during the period under review, imports from these countries have declined compared to 2009 on a year-on-year basis, especially in regard to imports from Germany, France, USA and Italy. On the other hand, imports from South Korea and Qatar showed a year-on-year growth of 15.0 per cent and 196.9 per cent respectively. Imports from the rest of the world accounted for 32.2 per cent of total imports in first quarter of 2010, growing at 6.5 per cent compared to first quarter of 2009.
Top Destinations of Abu Dhabi Exports,
According to SCAD's quarterly report, Saudi Arabia ranked the top country of destination for Abu Dhabi exports during Q1 2010, receiving 17.3 per cent of the emirate's imports during the period specified, followed by the Sultanate of Oman (16.3 per cent) and Qatar (12.6 per cent).
However, exports to Saudi Arabia fell by 29.6% compared with the first quarter of 2009, while non-oil exports to the Sultanate of Oman, Qatar, Iran, Egypt, South Africa and Yemen registered a positive growth during the reference period.
Top Destinations of Abu Dhabi Re-exports
The main destination of Abu Dhabi re-exports was Bahrain, whose share of the emirate's total re-exports was 30.0%, followed by Qatar (20.3%), Saudi Arabia (13.2%), Kuwait (7.2%) and the Sultanate of Oman (5.1%).
As seen from the above figures, the GCC region purchased 75.9% re-exports by value during the first quarter of 2010, which saw a positive growth in re-exports to all GCC countries with the exception of Oman, in the case of which the figure tumbled by 48.5% compared with the first quarter of the year 2009.
SCAD's report points to a decline 9.7% in value of foreign trade of the Emirate of Abu Dhabi for the first quarter of the current year. The Emirate's foreign retreated from Dh28.1 billion in Q1 2009 to Dh25.3 billion in 2010, i.e. down by 9.7% year-on-year.
The Centre's bulletin attributes this drop to the decline in the value of commodity imports, which fell by 14.6%.
Imports, as the reports observed, Abu Dhabi imports represent an economic factor of great significance since it supplies the emirate with its needs of goods for direct and intermediate consumption as well as capital goods to provide industry with primary and processed supplies. In this regard the report reveals that primary and processed industrial supplies made up 32.3% of Q1 2010 imports marking a growth of 2.6% year-on-year, followed by capital goods (except transportation equipment), which contributed 28.0% of total imports, but decline 27.0% during the periods compared. Next on the list of imports was transportation equipment, including various types of passenger cars, industrial and non-industrial transport equipment and their parts and accessories with a share of 25.1% of total imports.
It is noted that the parts and accessories accounted for more than half of the share of this category (12.9%), which declined by 27.1%, compared to the first quarter of 2009. The food and beverages category accounted for 6.1% of imports over the first quarter of 2010 and grew at 13.6 %, while durable, semi-durable and non-durable consumer goods accounted for 7.0% of total imports by value, growing at 4.4% during the first quarter of 2010.
According SCAD's report commodity imports were dominated by capital goods, while goods intended for direct consumption constituted only a tiny fraction of Q1 2010 imports.
Top Commodity Imports
As for the main commodity imports during the first quarter of 2010, the report showed that machinery, equipment, machine tools and parts accounted for 22.8% of the value of imports, followed motor vehicles and parts, with a contribution of (15.0%), electrical machinery and equipment and their parts (8.8%), aircraft and their parts (6.7%), steel (6.4%), and medical optical, imaging and measurement devices, which made up (1.6%) of imports during the first quarter of 2010.
Despite their considerable contribution, total imports of these commodities dropped at varying rates compared to the previous year (2009). On the other hand cast iron and steel, contributed 5.0% of Q1 2010 imports, copper and copper articles, plastic and related products and pharmaceutical products have all shown a positive growth at different rates, thus slowing down the decline in imports during the first quarter of 2010. – Emirates News Agency, WAM
