The total non-oil trade between the UAE and the Sultanate of Oman during the period from 2012 to 2021 amounted to more than 362 billion dirhams, recording a growth rate of 98.9% to reach 46.5 billion dirhams by the end of 2021, compared to 23.4 billion dirhams at the end of 2012, according to data from the Federal Competitiveness Center. and statistics.
The data showed that non-oil exports accounted for 33% of the total non-oil trade during the past ten years, recording a value of 120 billion dirhams, while the share of re-exports amounted to 45.5%, with a value of 165 billion dirhams, while imports accounted for 21.5% of the total non-oil trade. Oil between the two countries during the same period recorded nearly 77 billion dirhams.
The volume of trade exchange between the two countries during the first half of this year amounted to 24.2 billion dirhams, distributed between 8.8 billion dirhams, the value of re-exports, 9.9 billion dirhams the value of non-oil exports, and 5.4 billion dirhams the value of imports.
According to the data of the report on the volume of foreign trade between the two countries, the year 2013 recorded an increase in non-oil trade exchange by 23% to reach 28.8 billion dirhams, compared to the volume of trade in 2012.
The year 2019 recorded the highest rate of trade exchange between the UAE and the Sultanate of Oman during the past decade, at a value of 48 billion dirhams, while the year 2021 recorded a growth of 10% to reach 46.5 billion dirhams, compared to 42.3 billion dirhams at the end of 2020.
The report showed that petroleum oils and mineral oils (not crude) topped the list of the top 5 most important commodities imported from the Sultanate of Oman last year with a value of 1.49 billion dirhams, followed by iron ores and concentrates with a value of 1.45 billion dirhams, iron or steel bars with a value of 1.36 billion dirhams, and semi-finished products from Iron or steel valued at 830 million dirhams, and insulated wires and cables with a value of 370 million dirhams.
Raw, semi-worked or powdered gold topped the list of the top 5 commodities exported to the Sultanate of Oman with a value of 2.41 billion dirhams, copper wires with a value of 1.31 billion dirhams, petroleum and mineral oils (not raw) with a value of 916 million dirhams, and iron products with a value of 765 million dirhams. .
In the list of the top 5 commodities that were re-exported to the Sultanate of Oman during 2021, cars came in the first place with a value of 3.47 billion dirhams, telephone devices with a value of 1.84 billion dirhams, auto parts and supplies with a value of 631 million dirhams, data processing machines with a value of 625 million dirhams, and soap and cosmetics Laundry worth 584 million dirhams.
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