Abu Dhabi trade surplus falls

12 April 2010

The Abu Dhabi Department of Economic Development has said the emirate's foreign trade surplus had dropped 12.9% to Dhs237.3bn ($64.62bn) in 2009, as oil export income slipped due to the global economic downturn, Reuters has reported. Oil export income dropped 11% to Dhs313bn last year, after jumping 39% in 2008. Exports of Abu Dhabi fell 8.7% to Dhs331.2bn last year compared with 2008. Oil exports account for 95% of the overall figure.

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