UAE-Oman non-oil trade in last 10 years reaches Dhs362 billion

UAE-Oman non-oil trade in last 10 years reaches Dhs362 billion

The total non-oil trade between the UAE and Oman from 2012 to 2021 amounted to more than Dhs362 billion, recording a growth rate of 98.9% to reach Dhs46.5 billion by the end of 2021, compared to Dhs23.4 billion by the end of 2012, according to data from the Federal Competitiveness and Statistics Centre (FCSC).

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 Dhs120 billion, while the share of re-exports was 45.5%, with a value of Dhs165 billion, while imports accounted for 21.5% of the total non-oil trade. Oil between the two countries during the same period recorded at nearly Dhs77 billion.

The volume of trade exchange between the two countries during the first half of this year amounted to Dhs24.2 billion, distributed as follows: Dhs8.8 billion for the re-exports, Dhs9.9 billion for non-oil exports, and Dhs5.4 billion for imports.

According to the data of the report on the volume of foreign trade between the two countries, 2013 recorded an increase in non-oil trade exchange by 23% to reach Dhs28.8 billion, compared to the volume of trade in 2012.

The year 2019 recorded the highest rate of trade exchange between