|21 May, 2020

UAE, Bahrain bilateral trade exceeds $550mln in Q1 2020

Bahrain's volume of bilateral trade with GCC stood at $1.667bln

A general view of Dubai International Financial Centre (DIFC) (R) among high-rise towers in Dubai, United Arab Emirates June 23, 2019. Picture taken June 23, 2019.

A general view of Dubai International Financial Centre (DIFC) (R) among high-rise towers in Dubai, United Arab Emirates June 23, 2019. Picture taken June 23, 2019.

REUTERS/Christopher Pike

The volume of bilateral trade between Bahrain and the UAE exceeded $550.4 million in Q1 2020, Bahrain’s Information and e-Government Authority revealed.

These figures accounted for 33.81 percent of Bahrain’s bilateral trade volume with GCC countries, which stood at $1.667 billion in Q1 2020.

Bahrain recorded the highest volume of bilateral trade in Q1 2020 with Saudi Arabia at $819 million, or 49.1 percent of the GCC total. Trade volume with the UAE came second.

Figures also showed that the value of total imports to Bahrain from the GCC stood at $541.4 million during the period, while the value of non-oil exports from Bahrain to the GCC recorded $1.126 billion.

(Writing by Gerard Aoun; editing by Seban Scaria)

(gerard.aoun@refinitiv.com)

#UAE #BAHRAIN #TRADE #GCC

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020

More From GCC