The trade of pearls, precious stones and precious metals in the Emirate of Abu Dhabi witnessed a good activity during the year 2018 as its total value increased to 8.2 billion dirhams, an increase of approximately 5% compared with 7.84 billion AED during the year 2017.
According to the Emirates News Agency, all indicators of pearl and gem trade have witnessed significant growth during the past year, especially at the level of exports for this type of commodity, according to what the figures released by Abu Dhabi Statistics Center.
The Emirate of Abu Dhabi and the United Arab Emirates are generally ranked among the most famous countries in the trade of pearls and gemstones, knowing that the diving profession to search for pearls is one of the oldest traditional professions practiced by citizens During the past decades.
The value of the emirate's exports of pearls and precious stones increased to 2.434 billion dirhams in 2018, a growth of 539% compared to 380 million dirhams in 2017. >
The largest activity in Abu Dhabi's pearl exports was recorded last December, as the value increased to 1.65 billion dirhams, compared to only 26 million dirhams in the same month of 2017. .
With regard to the re-export trade of pearls and gemstones, their value during 2018 amounted to about 477 million dirhams, compared to 2.5 billion dirhams in 2017.
On the level of imports, its value during the past year amounted to 5.3 billion dirhams, compared to 4.96 billion dirhams in 2017.
It is noteworthy that Abu Dhabi’s trade in pearls and gemstones accounted for about 4.8% of the total value of trade in non-oil commodities for the emirate during the year 2018, which amounted to approximately 167 billion dirhams.
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UAE exports rise 1.1% during 2018
