Wednesday, November 29, 2017

Abu Dhabi trade in planes, spacecraft tops $2.5bn

Abu Dhabi trade in planes and spacecraft, including parts thereof, has amounted to Dh9.3 billion ($2.53 billion) during the first nine months of 2017, according to figures released recently by the Statistics Centre-Abu Dhabi.

The stated value doesn't include the deals made by the emirate and registered by other ports of exit, including sea, land or air, reported Wam, the Emirates official news agency.

In more detail, the emirate's imports of planes and spacecraft from January through end of September neared Dh7 billion, against Dh8.8 billion during the same period last year.

Plane and spaceship imports account for 8 per cent of the emirate's total imports of Dh88 billion during the same monitored period.

Plane and spaceship re-exports stood at around Dh2.2 by the end of September, a growth of 11 per cent against Dh1.03 during the same period the year before, making up 14 per cent of the emirate's re-exports trade.

The value of exports, according to SCAD figures grew by 309 per cent from Dh9.3 million during the first nine months of 2016 to Dh38 million during the corresponding period 2017.

The total value of spaceship and aircraft trade, including parts thereof, represents 7.7 per cent of the Emirate's total non-oil trade of Dh119.5 billion during the same monitored period.

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