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KSA tops Gulf states in trade exchange with Africa

Total volume of trade between the two regions exceeded SAR200bn in 2014

The Kingdom of Saudi Arabia has the biggest share of GCC exports to Africa, as Saudi-African trade exchange volume reached SAR68.6 billion, including SAR55.9bn for Saudi exports to Africa, and SAR12.7bn for the kingdom’s imports.

The total volume of trade between the two regions exceeded SAR200bn in 2014. Of this, Gulf exports formed more than 77 per cent, the equivalent of SAR155.6bn, according to an analysis conducted by Dubai Chamber for Trade and Finance about trade movement between Africa and GCC countries in general, based on the United Nations Conference on Trade and Development (UNCTAD) statistics.

Trade between the GCC and African countries did not exceed SAR33bn in 2000, Saudi-based Al Nas newspaper reports.

Gulf exports to Africa include mainly oil and oil derivatives, cars, vehicles, plastic raw materials, and agricultural fertilisers, aluminium, and communications equipment.

The main imports of the Gulf from Africa are gold, pearls, fruits and vegetables, nuts, livestock, copper, and coal.

(SAR1 = AED0.98, at the time of publishing)