WAM
22 Sep 2022, 22:10 GMT+10
ABU DHABI, 22nd September, 2022 (WAM) -- The non-oil foreign trade between the UAE and Saudi Arabia grew by 92.5 percent over the past decade to AED124.69 billion by the end of 2021, compared with AED64.79 billion by end of 2012, according to statistics from the Federal Competitiveness and Statistics Centre (FCSC).
The trade exchange between the two countries in the first half of 2022 totalled AED65.7 billion, the statistics also showed.
The total value of non-oil exports from the UAE to Saudi Arabia over the past ten years was around AED205.5 billion, while re-exports were valued at AED471.7 billion, and imports at AED227 billion.
From 2012 to 2021, Saudi Arabia was the UAE's fourth leading trading partner, with their trade exchange amounting to AED904.3 billion, or 5.6 percent of the UAE's total international trade.
Saudi Arabia was ranked first in the list of countries that received re-exports from the UAE over the past 10 years, valued at nearly AED423 billion. It was also ranked second in the list of countries receiving Emirati non-oil exports, with a value of AED206 billion, constituting 9.5 percent of the UAE's total non-oil exports.
According to the FCSC's figures, the trade exchange between the two countries in 2013 was AED79.9 billion, decreasing in 2014 to AED75.5 billion, and increasing again in 2015 to AED83.3 billion.
The non-oil trade exchange between the two countries totalled AED71.5 billion in 2016 and AED79.2 billion in 2017. In 2018, it crossed the AED100 billion mark.
In 2019, their non-oil trade exchange was valued at AED113.2 billion, and in 2020, it amounted to some AED104 billion.
In 2021, the trade exchange between the UAE and Saudi Arabia amounted to AED124.6 billion, a rise of 20 percent compared to 2020, and 10 percent compared to 2019.
Re-exports represented 48 percent of the total trade between the two countries in 2021, valued at more than AED59.78 billion while exports accounted for 30 percent, with a value of more than AED37.85 billion, and merchandise imports for 22 percent valued at more than AE 26.97 billion.
In 2021, petroleum and oil obtained from bituminous minerals topped the list of Emirati imports, with a value of over AED5 billion, followed by ethylene polymers in their primary forms valued at AED3.35 billion, and raw, semi-worked or powdered gold with a value of AED1.87 billion, and then by propylene polymers in their primary forms.
Gold topped the list of key commodities exported to Saudi Arabia in 2021, with a value of AED10.9 billion, followed by wires valued at AED3.11 billion.
Telephone devices, including phones for cellular networks and other wireless networks, topped the list of goods that were re-exported to Saudi Arabia in 2021, with a value of AED11.58 billion, followed by machines for the self-processing of information and their units, magnetic or optical readers, and machines for transmitting information on stands in the form of codes worth AED6.12 billion, and then by cars worth AED2.29 billion, vehicle parts and supplies worth AED2.08 billion, and ready-made clothes worth AED1.59 billion.
Get a daily dose of Iran Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.
More InformationNEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
KHAN YOUNIS, Gaza Strip: Hisham al-Lahham is one of 580 premature babies in Gaza who may die from hunger, according to Gaza's Health...
NEW YORK CITY, New York: The escalation of conflict between Israel and Iran, compounded by the United States' military involvement,...
(250630) -- WASHINGTON, June 30, 2025 (Xinhua) -- White House Press Secretary Karoline Leavitt speaks during a press briefing at the...
U.S. President Donald Trump on Monday signed an executive order that removes sanctions on Syria while maintaining sanctions on Bashar...
OCHA said most of Gaza remains under displacement orders, and people are being pushed into overcrowded areas where thousands of others...