Home News UAE-Oman bilateral trade climbs to Dh362 billion in 10 years

UAE-Oman bilateral trade climbs to Dh362 billion in 10 years

by Dubai Forum
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The quantity of profession exchange in between both nations throughout the very first fifty percent of this year totaled up to Dh24.2 billion

The reciprocal non-oil profession in between the UAE and also Oman from 2012 to 2021 totaled up to greater than Dh362 billion, videotaping a development price of 98.9 percent to get to Dh46.5 billion by the end of 2021 contrasted to Dh23.4 billion by the end of 2012, according to information from the Federal Competition and also Data Centre (FCSC).

The information revealed that non-oil exports represented 33 percent of the complete non-oil profession throughout the previous one decade, videotaping a worth of Dh120 billion, while the share of re-exports was 45.5 percent, with a worth of Dh165 billion, while imports represented 21.5 percent of the complete non-oil profession. Oil in between both nations throughout the exact same duration taped at almost Dh77 billion.

The quantity of profession exchange in between both nations throughout the very first fifty percent of this year totaled up to Dh24.2 billion, dispersed as complies with– Dh8.8 billion for the re-exports, Dh9.9 billion for non-oil exports, and also Dh5.4 billion for imports.

According to the information of the record on the quantity of international profession in between both nations, 2013 taped a boost in non-oil profession exchange by 23 percent to get to Dh28.8 billion, contrasted to the quantity of sell 2012.

The year 2019 taped the greatest price of profession exchange in between the UAE and also the Sultanate of Oman throughout the previous years at Dh48 billion, while 2021 taped a development of 10 percent to get to Dh46.5 billion contrasted to Dh42.3 billion by the end of 2020.

The record revealed that oil oils and also mineral oils (non-crude) covered the listing of the leading 5 crucial products imported from Oman in 2014 with a worth of Dh1.49 billion, adhered to by iron ores focuses with a worth of Dh1.45 billion, iron or steel bars with a worth of Dh1.36 billion, and also semi-finished items from Iron or steel valued at Dh830 million, and also protected cables and also wires with a worth of Dh370 million.

Raw, semi-worked, or powdered gold covered the listing of the leading 5 products exported to Oman with a worth of Dh2.41 billion, copper cables with a worth of Dh1.31 billion, oil and also mineral oils (not raw) with a worth of Dh916 million, and also cigarettes with a worth of Dh889 million and also steel items with a worth of Dh765 million.

In the listing of the leading 5 products that were re-exported to Oman throughout 2021, vehicles can be found in the top place with a worth of Dh3.47 billion, smart phones with a worth of Dh1.84 billion, cars and truck components and also materials with a worth of Dh631 million, information handling equipments with a worth of Dh625 million, and also soap and also washing items worth Dh584 million.– Wam

DF

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