UAE, Saudi non-oil trade jumps 9% to over Dh136 billion in 2022

UAE, Saudi non-oil trade jumps 9% to over Dh136 billion in 2022

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

Over the period of 2013-2022, non-oil trade between the two countries increased by 70 per cent, with the total non-oil trade over the past ten years amounting to Dh975.5 billion.

By Wam Published: Wed 22 Feb 2023, 6:49 PM

Preliminary data from the Federal Centre for Competitiveness and Statistics indicates that non-oil trade exchange between the UAE and Saudi Arabia in 2022 experienced a growth rate of nine per cent, reaching Dh136.09 billion compared to Dh124.6 billion at the end of 2021.

Over the period of 2013-2022, non-oil trade between the two countries increased by 70 per cent, with the total non-oil trade over the past ten years amounting to Dh975.5 billion.

The volume of non-oil trade surpassed Dh100 billion, with Dh107.4 billion in 2018, approximately Dh113 billion in 2019, and about Dh104 billion in 2020.

In 2022, non-oil trade between the UAE and Saudi Arabia consisted of Dh34 billion worth of imports from Saudi Arabia to the UAE, while non-oil exports from the UAE to Saudi Arabia amounted to Dh35.6 billion, and re-exports totalled Dh66.4 billion.

The top five commodities imported from Saudi Arabia in 2022 were