The value of the trade in pearls, gem stones and precious metals in the Emirate of Abu Dhabi increased by 25.7% to reach about 8.8 billion dirhams during the first five months of this year, compared to 7 billion Dirhams in the same period in 2019.
According to the Emirates News Agency, official statistics issued by Statistics Center Abu Dhabi showed that the first support for growth in the trade of pearls and precious stones came from activity in the item of exports whose value increased To about 6.3 billion dirhams during the period from January to the end of May of this year, an increase of 5% compared to 6 billion dirhams in the corresponding period of 2019.
The emirate's imports of these commodities also witnessed a remarkable rise, registering 2.35 billion dirhams during the period from January to May of this year, with a growth of nearly 196% compared to 793 million dirhams In the corresponding period of the year 2019.
As for the re-export trade, it amounted to 131 million dirhams, compared to 270 million dirhams during the same monitoring period.
and based on these data, Abu Dhabi’s total trade in pearls and precious stones constituted about 11% of the emirate’s total trade in non-oil commodities since the beginning of this year until the end of May. The amount is 80.2 billion dirhams.
It is expected to increase activity in this type of trade during the current year, despite the slowdown witnessed by many commercial sectors at the regional and global levels.
