It increased to 125 billion dirhams

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

The trade of the two countries amounted during the first half of 2022 to about 65.7 billion dirhams.

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Non-oil foreign trade between the UAE and Saudi Arabia grew by 92.5% during the past 10 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 the Federal Center for Competitiveness and Statistics.

The total non-oil exports from the UAE to Saudi Arabia, during the past 10 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 10 years, with a value of 904.3 billion dirhams, representing 5.6% of the total trade exchange of the Emirates with the world, during the period from (2012 to 2021), and Saudi Arabia ranked first. In the list of countries receiving re-exports from the UAE, during the past 10 years, with a value of nearly 423 billion dirhams, and a contribution of 9.4% of the total re-exports during that period.

The Kingdom of Saudi Arabia ranked second among the most important countries receiving 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, maintaining over 100 billion dirhams in 2020, recording nearly 104 billion dirhams.

During 2021, the value of trade exchange between the UAE and Saudi Arabia increased by the end of the same year to 124.6 billion dirhams, an increase of 20% from 2020, and about 10% from 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 proportion of exports reached 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 the past year, petroleum oils and oils obtained from bituminous mineral materials topped the list of imports, with a value of more than five billion dirhams, followed by “ethylene polymers” in their primary forms, with a value of 3.35 billion dirhams, and raw, semi-worked or powdered gold with a value of 1.87 billion dirhams. Propylene polymers” in their primary forms valued at 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 floating or submersible flat 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, machines for transmitting information on stands in the form of codes with a value of 6.12 Billions of dirhams, 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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