The value of Abu Dhabi’s trade in precious metals and gemstones increased by 34.4% to reach 5.42 billion dirhams during the first quarter of 2020, compared to 4.03 billion dirhams in the same period of the year 2019.
According to the Emirates News Agency, the General Administration of Abu Dhabi Customs showed that the rise in Abu Dhabi's trade in precious metals and precious stones came with the support of an increase in imports, which amounted to 2.19 billion dirhams, compared to With 514.55 million dirhams in the same period of 2019 .. while the value of exports amounted to more than 3.10 billion dirhams and re-exports amounted to 131.08 million dirhams.
The General Administration of Abu Dhabi Customs is keen on enhancing its efforts and performing its tasks in serving the national economy and serving the community and facilitating the movement of trade through its customs centers easily and conveniently to support the efforts of the state in the current circumstances, which It was evident in the achievement of an exceptional growth in the number of customs transactions completed during the first quarter of this year.
The precious metals and gemstones trade sector is one of the most important sectors in support of economic diversification efforts and the promotion of non-oil foreign trade for the Emirate of Abu Dhabi .. While the UAE has become a major center for this type of trade Which is expected to witness remarkable growth and more demand during the coming period, which establishes the leading position of the UAE on the map of precious metal trading.
