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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