Manama: Over the first quarter of 2020, the volume of bilateral trade between the Kingdom of Bahrain and the United Arab Emirates (UAE) exceeded AED 2 billion (US$ 550.4 million), according to the latest figures issued by the Kingdom of Bahrain’s Information and e-Government Authority.
This accounted for 33.81% of the volume of bilateral trade between Bahrain and GCC countries in Q1, which stood at US$ 1.667 billion. Trade volume with the UAE came second only to the Kingdom of Saudi Arabia (KSA), which took the lion’s share of the GCC total at US $ 819 million, or 49.1%.
The value of total imports to Bahrain from the GCC stood at US$ 541.4million in Q1. Imports from KSA were valued at US$ 250.2million, followed by the UAE at US$ 215.1million, Oman with US$ 41.4million and finally Kuwait with US$ 24.4 million.
The value of non-oil exports from Bahrain to the GCC stood at US$1.126 billion for Q1 2020. Again, trade with Saudi Arabia ranked highest, as it imported US$ 569.9million worth of goods from the Kingdom, followed by the UAE with a value of US$ 339.9million, Oman with a value of US$ 139.9million, and finally Kuwait, which imported goods from Bahrain with a value of US$ 76 million.
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For more information, please contact:
Communications and Media Department
Economic Development Board
Phone: +973-17-589966
E-mail: internationalmedia@bahrainedb.com
About Bahrain Economic Development Board
The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.
The EDB works with the government and both current and prospective investors, in order to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.
The EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, ICT, tourism, logistics and transport.
For more information on the Bahrain EDB visit www.bahrainedb.com ; for information about Bahrain visit www.bahrain.com
© Press Release 2020
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