|25 May, 2019

Sino-Arab trade hits $244.3bln in 2018

Arab exports to China recorded $139.4 billion in 2018

Chinese President Xi Jinping shakes hands with United Arab Emirates Vice President and Prime Minister Sheik Mohammed bin Rashid al Maktoum during a bilateral meeting of the Second Belt and Road Forum at the Great Hall of the People on April 25, 2019 in Beijing, China. Andrea Verdelli/Pool via REUTERS.

Chinese President Xi Jinping shakes hands with United Arab Emirates Vice President and Prime Minister Sheik Mohammed bin Rashid al Maktoum during a bilateral meeting of the Second Belt and Road Forum at the Great Hall of the People on April 25, 2019 in Beijing, China. Andrea Verdelli/Pool via REUTERS.

Mubasher: The bilateral trade between China and the Arab world grew 28% year-on-year during 2018.

Sino-Arab traded reached $244.3 billion last year, according to the Middle East News Agency (MENA).

The value of Arab exports to China recorded $139.4 billion in 2018, while the Chinese exports to the Arab countries registered $104.9 billion.

In 2018, Chinese companies launched $35.6 billion projects in the Arab world, up 9% from the year before, China’s trade ministry reported.

Source: Mubasher

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