92.5% growth in non-oil trade between the UAE and Saudi Arabia in 10 years

Non-oil foreign trade between the UAE and Saudi Arabia has grown by 92.5% over the past ten years to reach 124.69 billion dirhams by the end of 2021, compared to 64.79 billion dirhams in 2012, while the volume of trade exchange between the two countries during the first half of this year reached 65.7 billion dirhams, according to Federal Center for Competitiveness and Statistics.

The total non-oil exports from the UAE to Saudi Arabia during the past ten years amounted to about 205.5 billion dirhams, re-exports 471.7 billion dirhams, and imports 227 billion dirhams.

The Kingdom of Saudi Arabia ranked fourth in the list of trading partners of the UAE during the past ten years, with an estimated value of 904.3 billion dirhams, accounting for 5.6% of the total trade exchange of the Emirates with the world during the period from 2012 - 2021. Exports from the UAE during the past ten years amounted to nearly 423 billion dirhams, with a contribution of 9.4% of the total re-exports during that period.

The Kingdom of Saudi Arabia ranked second among the list of the most important receiving countries for the UAE's non-oil exports, with a value of 206 billion dirhams, and a contribution share of 9.5% of the UAE's total non-oil exports during the same period.

According to "Competitiveness and Statistics" data, trade exchange between the two countries increased in 2013 to 79.9 billion dirhams, then decreased in 2014 to 75.5 billion dirhams, to rise again in 2015 to 83.8 billion dirhams.

The volume of non-oil trade exchange between the two countries in 2016 amounted to about 71.5 billion dirhams, reaching 79.2 billion dirhams in 2017, exceeding the 100 billion dirhams barrier in 2018, when the trade exchange between the two countries recorded more than 107.4 billion dirhams.

Non-oil trade between the UAE and Saudi Arabia continued to grow, reaching 113.2 billion dirhams in 2019, while still exceeding the 100 billion dirhams barrier in 2020, registering nearly 104 billion dirhams.

During 2021, the value of trade exchange between the UAE and Saudi Arabia increased by the end of 2021 to 124.6 billion dirhams, an increase of 20% over the year 2020, and about 10% over the value achieved in 2019. Re-export constituted 48% of the total trade exchange between the two countries. The two countries during the year 2021, with a value of more than 59.78 billion dirhams, while the percentage of exports amounted to 30%, with a value of more than 37.85 billion dirhams, and merchandise imports accounted for 22%, with a value of more than 26.97 billion dirhams.

During 2021, petroleum oils and oils obtained from bituminous mineral materials topped the list of imports, with a value exceeding 5 billion dirhams, followed by ethylene polymers in their primary forms, with a value of 3.35 billion dirhams, raw, semi-worked or powdered gold with a value of 1.87 billion dirhams, and propylene polymers in their primary forms. with a value of 911 million dirhams, and iron plate products with a value of 894 million dirhams.

Gold (crude, semi-worked or in powder form) topped the list of the most prominent commodities that were exported to Saudi Arabia during 2021, with a value of 10.9 billion dirhams, and wires with a value of 3.11 billion dirhams. One billion dirhams, and other drilling and deep-probe machines, with a value of 1.4 billion dirhams, and flat, floating or submersible berths for drilling or production, with a value of 959 billion dirhams.

Telephone devices, including the phone of cellular networks or other wireless networks, topped the list of goods that were re-exported to the Kingdom during 2021, with a value of 11.58 billion dirhams, followed by machines for self-processing of information and its units, magnetic or optical readers, and machines for transmitting information on stands in the form of codes with a value of 6.12 billion dirhams. And cars worth 2.29 billion dirhams, vehicle parts and supplies worth 2.08 billion dirhams, and ready-made clothes worth 1.59 billion dirhams.

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