UAE, Saudi non-oil trade jumps 9% to over Dhs136b – Gulf Today

UAE, Saudi non-oil trade jumps 9% to over Dhs136b – Gulf Today

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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 Dhs136.09 billion, compared to Dhs124.6 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 Dhs975.5 billion.

The volume of non-oil trade surpassed Dhs100 billion, with Dhs107.4 billion in 2018, approximately Dhs113 billion in 2019, and about Dhs104 billion in 2020.

In 2022, non-oil trade between the UAE and Saudi Arabia consisted of Dhs34 billion worth of imports from Saudi Arabia to the UAE, while non-oil exports from the UAE to Saudi Arabia amounted to Dhs35.6 billion, and re-exports totaled Dhs66.4 billion.

The top five commodities imported from Saudi Arabia in