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Emirates – United Arab Emirates, Saudi Arabia non-oil trade up 92.5% over last…

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ABU DHABI, 22 September 2022 (WAM) — Non-oil trade between the United Arab Emirates and Saudi Arabia has increased 92.5% over the past decade to reach AED 124.69 billion by the end of 2021. End of 2012, according to Federal Competitiveness Statistics Center (FCSC) statistics.

According to statistics, the total trade volume between the two countries in the first half of 2022 reached AED 65.7 billion.

The total value of non-oil exports from the UAE to Saudi Arabia over the past decade is around AED 205.5 billion, with re-exports equaling AED 471.7 billion and imports AED 227 billion.

From 2012 to 2021, Saudi Arabia was the UAE’s fourth largest trading partner, with a turnover of AED 904.3 billion, or 5.6% of the UAE’s total international trade.

Saudi Arabia ranks first on the list of countries that have re-exported from the UAE over the past decade, worth nearly AED 423 billion. It also ranked second on the list of recipients of the emirate’s non-oil exports with a value of AED 206 billion, accounting for her 9.5% of the UAE’s total non-oil exports.

According to FCSC statistics, trade between the two countries was AED 79.9 billion in 2013, decreased to AED 75.5 billion in 2014, and increased again to AED 83.3 billion in 2015.

Non-oil trade transactions between the two countries reached AED 71.5 billion in 2016 and AED 79.2 billion in 2017. In 2018, it exceeded 100 billion AED.

In 2019, their non-oil trade transactions were valued at AED 113.2 billion, reaching approximately AED 104 billion in 2020.

Trade value between the UAE and Saudi Arabia in 2021 will reach AED 124.6 billion, an increase of 20% compared to 2020 and 10% compared to 2019.

Re-exports will account for 48% of the total trade value between the two countries in 2021 with a value of over AED 59.78 billion, exports accounting for 30%, and goods imports accounting for 22% at over AED 37.85 billion 269.7 Over 100 million AE.

In 2021, petroleum and petroleum derived from bituminous minerals will top the list of imports of the emirate with a value of over AED 5 billion, ethylene polymer in primary form worth AED 3.35 billion, and AED 1.87 billion. value, and due to the primary form of the propylene polymer.

Gold topped the list of major commodities exported to Saudi Arabia in 2021 at AED 10.9 billion, followed by wire at AED 3.1 billion.

Telephone equipment, including phones for cellular and other wireless networks, will top the list of goods re-exported to Saudi Arabia in 2021, worth AED 11.58 billion, followed by machines for self-processing of information and Its units, magnetic or optical readers, and machines for transmitting information are sent to stands in the form of codes worth 6.12 billion AED, then cars worth 2.29 billion AED, cars worth 2.08 billion AED Sent with equivalent vehicle parts and fixtures, ready-to-wear. Worth AED1.59 billion.

DF

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