Non-oil trade between Abu Dhabi, Oman exceeds AED 23 billion over five years

The volume of non-oil trade exchange between the emirate of Abu Dhabi and Oman reached AED 23.67 billion during the past five years.

That's according to the General Administration of Customs in Abu Dhabi, which said the figures reflect the growing economic relations in a way that enhances the process of sustainable development. 

Imports accounted for AED 8.34 billion, exports were valued at AED 8.08 billion, while re-exports reached AED 7.25 billion.

Mineral products accounted for the largest share of total trade between Abu Dhabi and Oman (valued at AED 5.25 billion), followed by ordinary minerals and their products (AED 4.85 billion), and transportation equipment (AED 4.72 billion).

Meanwhile, Abu Dhabi’s trade with Oman during the first ten months of 2020 amounted to AED 4.55 billion, a growth of 38 per cent compared to the same period last year (AED 3.3 billion).

Imports accounted for the bulk of the amount with a value of AED 1.92 billion (growth of 48%), followed by exports at AED 1.66 billion (39% growth), and re-exports with a value of AED 973.44 million (21% growth).

The General Administration of Customs in Abu Dhabi confirmed its readiness and preparations to receive Omani citizens through the land border crossings in line with the directives of the National Emergency Crisis and Disaster Management Authority and the Federal Authority for Identity and Citizenship, in coordination with the Ministry of Foreign Affairs and International Cooperation.

Rashid Lahej Al Mansoori, General Director of the General Administration of Customs, said: "We extend our warmest congratulations and blessings to the brotherly leadership and people of the Sultanate of Oman on the occasion of the 50th National Day of the Sultanate in light of the strong fraternal Emirati-Omani relations that represent an exceptional example of inspiring strategic relations between brothers."

Exchange of non-oil trade between #AbuDhabi and the Sultanate of Oman exceeded AED23bn over the past five years, according to Abu Dhabi Customs’ data. Thanks to the strong strategic bilateral relationship, which paves the way for further economic cooperation. pic.twitter.com/3OX6cnvVgv

— مكتب أبوظبي الإعلامي (@ADMediaOffice) November 18, 2020