Abu Dhabi says Saudi trade soars to nearly $5bn in early 2019

Abu Dhabi's trade with Saudi Arabia accounts for 25.6% of its global total from January to April
Abu Dhabi says Saudi trade soars to nearly $5bn in early 2019
By Sam Bridge
Tue 09 Jul 2019 02:00 PM

The value of trade in goods between Abu Dhabi and Saudi Arabia increased to AED18.3 billion ($4.98 billion) during the first four months of 2019, a growth of 20.6 percent compared to the same period of 2018.

According to figures released by the Statistics Centre - Abu Dhabi and cited by state news agency WAM, the emirate's trade with Saudi Arabia accounted for 25.6 percent of its total trade with the rest of the world from January to April, which reached AED71.44 billion ($19.4 billion).

The value of Abu Dhabi's non-oil exports to Saudi Arabia jumped to AED8.9 billion at the end of April, up 34.8 percent compared with AED6.6 billion over the same period of 2018.

According to the figures, the emirate's exports to Saudi Arabia accounted for 45 percent of its total exports to the world, which, during the period from January to April, amounted to about AED17.3 billion.

In terms of re-exports, the value between the two countries increased from AED4.4 billion to AED5.2 billion, an increase of 18 percent.

The value of import trade reached AED4.172 billion by the end of April, a growth of about 1 percent compared to the same month of 2018.

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