Non-oil trade between UAE, Bahrain grows by 92% over 10 years

The non-oil trade exchange between the UAE and Bahrain over the past 10 years increased by over 92 per cent, totalling Dhs23.7bn compared to Dhs12.3bn in 2012.

These results were according to recent data issued by the Federal Competitiveness and Statistics Centre.

As per the statistics, the two nation’s total non-oil trade exchange during the same period also amounted to Dhs188bn, with imports accounting for Dhs77.4bn, exports for 37.8bn, and re-exports for Dhs72.8bn.

While the value of their non-oil bilateral trade at the end of the third quarter of this year totalled Dhs17.9bn, compared to Dhs16.5bn for the same period in 2021, which is an increase of 8 per cent.

The year 2019 was ranked first in terms of volume of bilateral trade between the two countries over ten years, with a value of Dhs28.7bn, and 2018 came in second place, with their non-oil trade amounting to Dhs28.3bn.

Earlier this year, Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs and International Cooperation, said that the UAE-Bahrain ties are long-standing and underpinned by great hopes and promising opportunities.

He made the statement while co-chairing with Bahrain’s Foreign Minister Dr. Abdulatif bin Rashid Al Zayani, at the 10th session of the UAE-Bahrain Joint Higher Committee.

Sheikh Abdullah said, “While raising our non-oil trade volume in 2021 to $6.5 bn is certainly an achievement, it does not reflect our true potential, as we believe there are still myriad opportunities to grow it further. The aspirations of our leadership, headed by President Sheikh Mohamed bin Zayed Al Nahyan and Hamad bin Isa Al Khalifa, King of Bahrain, inspires us to take extra care and make further efforts to achieve such ambitions.”