UAE and Bahrain’s non-oil trade exchange increased by more than 92 percent in the past decade.
In 2022 non-oil trade exchange between the two nations totaled $6.5bn (AED23.7bn) compared to $3.3bn (AED12.3bn) in 2012, according to recent data issued by the Federal Competitiveness and Statistics Centre (FCSC).
Their total non-oil trade exchange during the same period also amounted to $51.2bn (AED188bn), with imports accounting for $21.8bn (AED77.4bn), exports for $10.3bn (AED37.8bn), and re-exports for $20bn (AED72.8bn) while the value of their non-oil bilateral trade at the end of the third quarter of this year totalled $4.9bn (AED17.9bn), compared to $4.5bn (AED16.5bn) for the same period in 2021, an increase of 8 percent.
UAE-Bahrain trade
2019 was ranked first in terms of volume of bilateral trade between the two countries over ten years, with a value of $7.8bn (AED28.7bn), and 2018 came in second place, with their non-oil trade amounting to $7.8bn (AED28.3bn).
The central banks of the UAE and Bahrain this week increased their interest rates following the US Federal Reserve Board’s announcement.
Source:https://www.arabianbusiness.com/politics-economics/uae-bahrain-non-oil-trade-hits-6-5bn