Bilateral trade between UAE and Kuwait grows 87% in 10 years

Bilateral trade between UAE and Kuwait grows 87% in 10 years

Trade between the two countries during 2013-2022 amounted to Dh316.2 billion

A cargo ship at the Jebel Ali port in Dubai. Non-oil trade between the UAE and Kuwait grew 13 per cent, worth Dh5 billion last year. —AP file

By WAM Published: Fri 24 Feb 2023, 2:07 PM

Non-oil foreign trade between the UAE and Kuwait has grown 87 per cent over the past ten years to reach Dh43 billion by the end of 2022, compared to Dh23.3 billion in 2013, according to preliminary data issued by the UAE’s Federal Competitiveness and Statistics Centre (FCSC).

The FCSC data showed that the total trade between the two countries during 2013-2022 amounted to Dh316.2 billion, of which re-exports constituted 53 per cent and valued at over Dh168 billion, non-oil exports represented 27 per cent and worth more than Dh85 billion, and imports were 20 per cent, to the tune of Dh62.8 billion.

Non-oil trade between the UAE and Kuwait grew 13 per cent, worth Dh5 billion last year, to reach Dh43.5 billion, compared to Dh38.5 billion in 2021.

Of the non-oil trade between the two countries during the previous year, re-exports were valued at Dh21.9 billion, non-oil exports Dh14.2 billion, and imports Dh7.3 billion.

Mineral oils topped the list