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The non-oil commerce trade between the UAE and Bahrain over the previous 10 years elevated by over 92 per cent, totalling Dhs23.7bn in comparison with Dhs12.3bn in 2012.
These outcomes have been in response to current knowledge issued by the Federal Competitiveness and Statistics Centre.
As per the statistics, the 2 nation’s complete non-oil commerce trade throughout the identical interval additionally amounted to Dhs188bn, with imports accounting for Dhs77.4bn, exports for 37.8bn, and re-exports for Dhs72.8bn.
Whereas the worth of their non-oil bilateral commerce on the finish of the third quarter of this 12 months totalled Dhs17.9bn, in comparison with Dhs16.5bn for a similar interval in 2021, which is a rise of 8 per cent.
The 12 months 2019 was ranked first by way of quantity of bilateral commerce between the 2 international locations over ten years, with a price of Dhs28.7bn, and 2018 got here in second place, with their non-oil commerce amounting to Dhs28.3bn.
Earlier this 12 months, Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of International Affairs and Worldwide Cooperation, mentioned that the UAE-Bahrain ties are long-standing and underpinned by nice hopes and promising alternatives.
He made the assertion whereas co-chairing with Bahrain’s International Minister Dr. Abdulatif bin Rashid Al Zayani, on the tenth session of the UAE-Bahrain Joint Increased Committee.
Sheikh Abdullah mentioned, “Whereas elevating our non-oil commerce quantity in 2021 to $6.5 bn is definitely an achievement, it doesn’t replicate our true potential, as we imagine there are nonetheless myriad alternatives to develop it additional. The aspirations of our management, headed by President Sheikh Mohamed bin Zayed Al Nahyan and Hamad bin Isa Al Khalifa, King of Bahrain, conjures up us to take additional care and make additional efforts to attain such ambitions.”
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