UAE-Oman non-oil trade $98.56 billion in past decade

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The year 2019 recorded the highest rate of trade exchange between the UAE and Oman during the past decade at AED48 billion ($13bn). (WAM)
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  • Trade between the two recorded a growth of 98.9 percent to reach AED46.5 billion by 2021 end, compared to AED23.4 by 2012 end.
  • It said non-oil exports accounted for 33 percent of the total non-oil trade during the past ten years, recording a value of AED120 billion.

Abu Dhabi, UAE – Non-Oil trade between the UAE and Oman reached more than AED362 billion ($98.56bn) from 2012 to 2021, Federal Competitiveness and Statistics Centre (FCSC) said.

Trade between the two grew by 98.9 percent to reach AED46.5 billion ($12.66bn) by 2021 end, compared to AED23.4 billion (6.37bn) by the end of 2012, FCSC noted.

It said non-oil exports accounted for 33 percent of the total non-oil trade during the past ten years, recording a value of AED120 billion.

The share of re-exports between the two was 45.5 percent, with a value of AED165 billion, while imports accounted for 21.5 percent of the total non-oil trade.

Oil trade between the two countries during the same period recorded at nearly AED77 billion.

The volume of trade exchange between the two till June 2022 amounted to AED24.2 billion, distributed as follows: AED8.8 billion for the re-exports, AED9.9 billion for non-oil exports, and AED5.4 billion for imports.

FCSC said the year 2013 recorded an increase in non-oil trade exchange by 23 percent to reach AED28.8 billion, compared to the volume of trade in 2012.

The year 2019 recorded the highest rate of trade exchange between the UAE and Oman during the past decade at AED48 billion ($13bn).

2021 recorded a growth of 10 percent to reach AED46.5 billion, compared to AED42.3 billion by the end of 2020.

The report said petroleum oils and mineral oils (non-crude) was the most imported commodity from Oman last year with a value of AED1.49 billion.

Raw, semi-worked, or powdered gold topped the list of products exported to Oman with a value of AED2.41 billion.

Cars were the most re-exported commodity to Oman, valuing AED3.47 billion.

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