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Over AED 2 billion: Q1 2020 trade figures for UAE and Bahrain released

In Q1 2020, the volume of bilateral trade between the Kingdom of Bahrain and the UAE exceeded AED 2 billion ($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 Total trade with GCC countries stood at $1.667 billion Trade volume with the UAE came second only to the Kingdom of Saudi Arabia (KSA)

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 ($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 $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 $819 million, or 49.1%.

The value of total imports to Bahrain from the GCC stood at $541.4 million in Q1. Imports from KSA were valued at $250.2million, followed by the UAE at $215.1 million, Oman with $41.4 million and finally Kuwait with $24.4 million.

The value of non-oil exports from Bahrain to the GCC stood at $1.126 billion for Q1 2020. Again, trade with Saudi Arabia ranked highest, as it imported $569.9million worth of goods from the Kingdom, followed by the UAE with a value of $339.9million, Oman with a value of $139.9million, and finally Kuwait, which imported goods from Bahrain with a value of $76 million.

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