Abu Dhabi sparkles with a 34% rise in precious metals and gemstone trading in Q1 2020

By Backend Office, Desk Reporter
    Representational Image

    Abu Dhabi General Administration of Customs has reported that the value of precious metals and gemstone trading in Abu Dhabi has witnessed an increase of 34.4 percent to $1.48 billion in the first quarter of 2020 compared to the same interval in 2019 where the value was estimated at $1.10 billion.

    This improvement in Abu Dhabi trading in precious metals and gemstone is supported by an uptick in imports accounted at $600 million compared to $140 million in the same interval of 2019.

    In the meantime, the value of exports was estimated at $840 million and re-exporting estimated at $36.69 million.

    Abu Dhabi trading in precious metals and gemstone across emirate’s harbor, air and land ports exhibit the brilliant rise in economic activities witnessed by Abu Dhabi despite the prevailing hurdles the world is going through.

    “Abu Dhabi General Administration of Customs cares for enhancing its efforts and performing its duties in serving the national economy and the society and facilitating trading movement throughout its customs centers.”
    OFFICIAL STATEMENT

    Trading in precious metals gemstone is one of the most significant quarters encouraging efforts for economic diversification and non-oil foreign trade promotion of Abu Dhabi.

    The Emirate of Abu Dhabi turned out to be the principal center for such kind of trading which is anticipated to depose exceptional growth and more demands within the coming interval which confirms the leading position of the UAE on the map of precious metals trading.

    YOU MAY LIKE