Riyadh – Mubasher: The trading exchange between Saudi Arabia and the UAE, Bahrain, Kuwait, and Oman declined by 19.11% year-on-year during the first quarter of 2019.

The Saudi-GCC trade, excluding Qatar, reached SAR 21 billion ($5.6 billion) in Q1-19 versus SAR 23.182 billion ($6.17 billion) in the year-ago period, according to data compiled by Mubasher.

UAE led Saudi Arabia’s trade partners, recording SAR 13.4 billion ($3.6 billion) in the first quarter of 2019.

Meanwhile, the kingdom’s trade with Dubai registered $3.6 million from January to March.

Saudi non-oil exports to the GCC hit SAR 7.188 billion in the three-month period ended 31 March.

The kingdom’s non-oil imports from the region reached SAR 13.79 billion ($3.6 billion).

 

Translated by: Muhammad Abdul-Wakeel

Source: Mubasher Exclusive

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.