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UAE, Saudi Arabia non-oil foreign trade jumps 92.5% in 10 years

UAE, Saudi Arabia non-oil foreign trade jumps 92.5% in 10 years
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UAE – Mubasher: The non-oil foreign trade between the UAE and Saudi Arabia soared by 92.5% over the past decade to AED 124.69 billion by the end of 2021, compared with AED 64.79 billion by end of 2012, Emirates News Agency (WAM) reported citing official data.

During the first half (H1) of 2022, trade exchange between the two countries totalled AED 65.70 billion. 

Over the past ten years, the total value of non-oil exports from the UAE to Saudi Arabia recorded about AED 205.50 billion, re-exports were valued at AED 471.70 billion, and imports at AED 227 billion.

From 2012 to 2021, Saudi Arabia was the UAE’s fourth leading trading partner, with their trade exchange amounting to AED 904.30 billion, representing 5.6% of the UAE’s total international trade.

Over the past 10 years, Saudi Arabia was ranked first in the list of countries that received re-exports from the UAE, valued at nearly AED 423 billion. Additionally, it was also ranked second in the list of countries receiving Emirati non-oil exports, with a value of AED 206 billion, constituting 9.5% of the UAE’s total non-oil exports.

In 2021, the trade exchange between the UAE and Saudi Arabia hit AED 124.60 billion, up 20% when compared to 2020.