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Saudi Arabia's non-oil trade with 4 GCC countries reaches $12.4bn in H1-19

Saudi Arabia's non-oil trade with 4 GCC countries reaches $12.4bn in H1-19
Saudi-Emirati non-oil trade reached SAR 30.3bn in 6M

By: Bedour Al Raee

Riyadh – Mubasher: The non-oil trade exchange between Saudi Arabia and the UAE, Bahrain, Kuwait, and Oman went down by 4.3% year-on-year during the first six months of 2019.

The Saudi-GCC non-oil trade, excluding Qatar, amounted to SAR 46.65 billion ($12.44 billion) in H1-19, compared to SAR 48.77 billion ($13 billion) in the year-ago period, according to data compiled by Mubasher.

Saudi Arabian non-oil trade with the UAE reached SAR 30.28 billion from January 2019 to the end of June, versus SAR 34.6 billion in H1-19.

Moreover, Kuwaiti-Saudi non-oil trade decline by 2% year-on-year to SAR 4.4 billion in the first half of the year.

Saudi non-oil exports to the UAE, Kuwait, Bahrain, and Oman recorded SAR 22.5 billion in the six-month period ended 30 June.

The kingdom’s non-oil imports from the four countries levelled down to SAR 27.67 billion in H1-19, compared to SAR 29.83 billion in the corresponding period in 2018.

 

Translated by: Muhammad Abdul-Wakeel