Bilateral trade between UAE, Kuwait grows 87% in 10 years – Gulf Today

Bilateral trade between UAE, Kuwait grows 87% in 10 years – Gulf Today

Picture used for illustrative purpose only.

Non-oil foreign trade between the UAE and Kuwait has grown 87 per cent over the past ten years to reach Dhs43 billion by the end of 2022, compared to Dhs23.3 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 Dhs316.2 billion, of which re-exports constituted 53 per cent and valued at over Dhs168 billion, non-oil exports represented 27 per cent and worth more than Dhs85 billion, and imports were 20 per cent, to the tune of Dhs62.8 billion.

Non-oil trade between the UAE and Kuwait grew 13 per cent, worth Dhs5 billion last year, to reach Dhs43.5 billion, compared to Dhs38.5 billion in 2021.

Of the non-oil trade between the two countries during the previous year, re-exports were