UAE, Saudi non-oil trade jumps 9 percent to over AED136 billion in 2022

UAE, Saudi non-oil trade jumps 9 percent to over AED136 billion in 2022

ABU DHABI, 22nd February, 2023 (WAM) – Preliminary data from the Federal Center for Competitiveness and Statistics indicates that non-oil trade exchange between the UAE and Saudi Arabia in 2022 experienced a growth rate of 9%, reaching AED136.09 billion, compared to AED124.6 billion at the end of 2021.

Over the period of 2013-2022, non-oil trade between the two countries increased by 70%, with the total non-oil trade over the past ten years amounting to AED975.5 billion.

The volume of non-oil trade surpassed AED100 billion, with AED107.4 billion in 2018, approximately AED113 billion in 2019, and about AED104 billion in 2020.

In 2022, non-oil trade between the UAE and Saudi Arabia consisted of AED34 billion worth of imports from Saudi Arabia to the UAE, while non-oil exports from the UAE to Saudi Arabia amounted to AED35.6 billion, and re-exports totaled AED66.4 billion.

The top five commodities imported from Saudi Arabia in 2022 were mineral oils valued at AED10.8 billion, followed by ethylene polymers worth AED3.6 billion, raw gold worth AED1.7 billion, insulated wires and cables for electricity worth AED1.1 billion, and laundry products worth AED811 million.

Raw gold topped the list of the top five commodities exported from the UAE to Saudi Arabia in 2022, valued