Over AED 2bn: Q1 2020 Trade Figures For UAE And Bahrain Released
Over the first quarter of 2020, the volume of bilateral trade between the Kingdom of Bahrain and the United Arab Emirates (UAE) exceeded AED 2 billion (US$ 550.4 million), according to the latest figures issued by the Kingdom of Bahrain’s Information and e-Government Authority.
This accounted for 33.81% of the volume of bilateral trade between Bahrain and GCC countries in Q1, which stood at US$ 1.667 billion. Trade volume with the UAE came second only to the Kingdom of Saudi Arabia (KSA), which took the lion’s share of the GCC total at US $ 819 million, or 49.1%.
The value of total imports to Bahrain from the GCC stood at US$541.4million in Q1.Imports from KSAwere valued at US$ 250.2million, followed by the UAE at US$ 215.1million, Oman with US$ 41.4million and finally Kuwait with US$ 24.4 million.
The value of non-oil exports from Bahrain to the GCC stood at US$1.126 billion for Q1 2020. Again, trade with Saudi Arabia ranked highest, as it imported US$ 569.9million worth of goods from the Kingdom, followed by the UAE with a value of US$ 339.9million, Oman with a value of US$ 139.9million, and finally Kuwait, which imported goods from Bahrain with a value of US$ 76 million.
