Abu Dhabi’s non-oil foreign trade climbed 7.6% y-o-y to AED 306 bn in 2024, according to preliminary import and export (here, pdf, and here, pdf) from Abu Dhabi Statistics Centre (SCAD). Export volumes rose 12% y-o-y to reach AED 165.8 bn, while imports came in at AED 140.2 bn — a 2.8% y-o-y increase.

On a quarterly basis, 4Q 2024 saw non-oil foreign trade reach AED 83.1 bn. Exports reached AED 48.4 bn in trade volume, leaving imports to account for AED 34.8 bn.

Leading the growth in exports for 4Q 2024 was commodities, accounting for AED 14.2 bn in volume, and closely followed by manufacturing which produced AED 9 bn in exports. Machinery and transportation equipment came in at AED 8.6 bn, while chemicals and chemical products accounted for AED 5.6 bn.

On the import side, machinery and transport equipment accounted for the majority of imported trade during the fourth quarter, coming in at AED 14.3 bn. Manufactured goods once again took the second spot with AED 8.2 bn, followed by chemicals and chemical relation products.

ICYMI- The UAE’s non-oil foreign trade reached AED 3 tn last year, up 14.6% y-o-y, close to its AED 4 tn trade target by 2031. Abu Dhabi’s non-oil economy grew 6.6% and contributed 54% to GDP in 3Q 2024, which saw a 4.5% y-o-y uptick during the period, with the manufacturing, construction, and finance sectors bolstering the emirate’s economy.

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