Abu Dhabi’s trade in aluminum and copper amounted to around Dh3.4 billion ($925 million) during the first two months of 2019, up 14 per cent over the same period last year, according to the Statistics Centre – Abu Dhabi (SCAD).
The trade in the two metals accounts for 9.5 per cent of the emirate’s total non-oil trade volume during the two months, which is valued at Dh35.8 billion.
The trade in aluminum and copper is one of the key feeders to major economic activities, primarily construction and real estate and the significant growth in their trade corroborates the prestigious position enjoyed by the emirate in particular and the country in general across this industry.
As per SCAD figures, the emirate’s aluminum exports amounted to Dh1.1 billion from January to the end of February, 2 per cent up from Dh980 million during the corresponding period last year.
Aluminum re-exports reached Dh16.5 million during the two months against Dh16 million as compared to the same period of 2018. Imports of the same metal dropped to Dh65 million from Dh102 million in the first two months of 2018, it added.