Shenzhen, China--China's manufacturing activity expanded for the first time in six months in March. The official purchasing managers' index (PMI) rose to 50.8 in March from 49.1 in February, above the 50-mark separating growth from contraction and topping a median forecast of 49.9. Though the pace of growth was modest,...

AMMAN, JORDAN – Products of the Kingdom’s pharmaceutical industries and medical supplies sector moved over the past quarter century to the global level, driven by its development, quality and competitiveness, a stakeholder said. This has placed Jordan among the top countries in this strategic industry. Representative of Pharmaceutical Industries and...

On Monday, the Canadian Parliament passed a nonbinding resolution calling for the international community to work toward a two-state solution between Israel and the Palestinians. Israel's relentless offensive against Hamas that has killed at least 31,819 people, most of them women and children, according to Gaza's health ministry.

Riyadh, Saudi Arabia -- The Saudi EXIM Bank has given credit facilities amounting to SAR16.5 billion ($4.455 billion), surpassing the planned target of SAR12.4 billion ($3.348 billion) by 33%. They represented 5.2% of the total credit facilities for non-oil exports in the Kingdom. Saudi EXIM Bank disbursed a total of...

RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of the country's real GDP in 2023 – the highest level on record, according to an analysis of the General Authority for Statistics data by the Ministry of Economy and Planning....

AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months of 2024, compared to US$1.79 billion (JD1.272 billion) for the same period last year. According to statistical data obtained by Petra, exports of five sectors recorded an increase, while the...

RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of Saudi Arabia's date exports increased by 14 percent in 2023, reaching US$389 million (SAR1.462 Billion), compared to US$341 million (SAR1.280 billion) in 2022. By the end of 2023, the number...

Dubai, UAE-- Morocco hopes to increase its exports by 12 percent this year, according to the kingdom's minister of industry and trade, Ryad Mezzour. In statements to the Emirates News Agency (WAM), on the sidelines of the opening day of the 13th WTO Ministerial Conference hosted by the UAE in...

Riyadh, Saudi Arabia - Saudi Arabia's trade surplus remained stable at SR97 billion ($25.8 billion) in the fourth quarter of 2023 sustaining a level comparable to the previous quarter. According to recent data from the General Authority for Statistics (GASTAT), the trade surplus in December 2023 was SR39 billion ($10.4...

In December, oil exports fell by SAR 13.5 billion or 15.8% to SAR 72 billion ($19 billion) from SAR 85.5 billion in December 2022. The share of oil exports in total exports decreased from 78.4 percent in December 2022 to 73.1 percent in December 2023.

The value of certificates of origin issued stood at US$65m.

Riyadh, Saudi Arabia - Saudi Arabia has embarked on a program to equip Saudi exporters with the necessary information on procedures, requirements, targeted markets, and available opportunities for exporting products globally. General Authority for Foreign Trade, through its Agency for Private Sector Affairs and International Representation, has launched a series...

Doha, Qatar - Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 18.7 billion ($5.13 billion), a decrease of about QR 9.5 billion, or 33.7 percent, compared to December 2022. The trade balance showed an increase by nearly QR 2.0 billion,...

MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering trade balance, imports, exports of products with national origin, and re-exports. The value of imports has increased by 5 percent, reaching US$3.92 billion (BD1.476 billion) during Q4 2023 in comparison...

Doha, Qatar--The Qatar Development Bank's Export Development and Promotion Agency (Tasdeer), a subsidiary of the Qatar Development Bank, announced an increase in Qatari exports to its clients by over $412 million during 2023. In a statement released today, the agency highlighted its participation in eight international exhibitions over the past...

Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 16.7 billion ($4.58 billion) in Nov 2023, a decrease of about QR 9.5 billion, or 36.3 percent, compared to Nov 2022, and a decrease by nearly QR 2.3 billion or 12.1 percent compared...

Seoul, South Korea--South Korea's exports of eco-friendly vehicles surged 32.5 percent year-on-year to a record high during the first 11 months of 2023, due to solid global demand for electric vehicles (EVs), Yonhap News Agency reported on Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the...

AMMAN, JORDAN – The Kingdom’s exports of jewelry increased by 71.5 percent during the January-September period of 2023 and pharmaceutical preparations by 28.2 percent, while other materials' grew by 12.2 percent, as per figures monitored by Petra based on official statistical data. The value of national exports of jewelry until...

Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly leading to the 17.1 percent fall in overall merchandise exports to SAR 103.8 billion, from SAR 125.3 billion in September 2022.   The share of oil exports in total exports increased...

DUBAI, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has achieved significant growth in membership during 2023. A total of 48,616 new member companies registered between January and September this year, representing an impressive year-over-year (YoY) increase of 42.9 percent...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this year, registering 4,981 new companies through the end of the third quarter. With this increase, the Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn,...

Marrakesh, Morocco – Africa’s total exports will reach $952 billion by 2035 and the African Continental Free Trade Area (AfCFTA), once fully implemented, has the potential to increase this figure by a further 29 percent, a Standard Chartered report has revealed.  This represents an annual growth rate of 3 percent...

RIYADH, SAUDI ARABIA - King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa onboard bulk carrier IANTHE last month, making it the first ever shipment of the oil byproduct from the Yanbu-based hub. The South Africa bound cargo also marks the resumption of bitumen exports...

Baghdad, Iraq -- Iraq's oil revenues in August hit nearly $9 billion, according to the data issued by the Iraqi Oil Marketing Company (SOMO). The $8.99 billion revenue came from crude oil exports of more than 106 million barrels, the country's Ministry of Oil said in a statement, according to...

ABU DHABI, UAE - The volume of trade exchange between the UAE and the Kingdom of Saudi Arabia grew by 28 percent in 2022, reaching US$37.4 billion (AED 137.51 billion), compared to US$29 billion (AED 107.41 billion) in 2018. The total non-oil trade between the UAE and Saudi Arabia rose...

AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6 percent during the first half of 2023 (H1 2023). The emirate’s total exports reached US$1.2 billion (AED4.57 billion) in H1 2023, compared to some US$1.1 billion (AED4.3...

Tehran, Iran -- Iran’s annual steel production capacity is expected to increase by more than 22 percent within the next two years to reach 55 million metric tons (mt) by 2025, a senior member of the Board of Directors of the Iranian Steel Producers Association (ISPA) said. Bahador Ehramian stated that...

TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United States in the first seven months of 2023 registered a 26 percent growth compared to the same period last year. The two countries traded over $31 million worth of non-oil...

Tehran, Iran--Iran’s oil exports to China hit an all-time record in August despite continued US pressure on the country, according to data from a major international energy data company. The Sunday report by Fars news agency said Iran’s oil exports to China had reached an average of 1.5 million barrels...

Beijing, China--China's exports and imports sank again in August, data showed Thursday, as the world's second-largest economy struggles with sluggish global demand and a wider slowdown. However, the pace of contraction slowed from the previous month and not as bad as feared. Overseas shipments sank 8.8 percent on-year, the customs authority...

This is aimed at supporting UAE export transactions to Egypt.

Dubai, UAE--Oil prices rose to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies. A Middle Eastern country is widely expected to extend a voluntary 1 million barrels per day oil production cut into October, prolonging supply curbs engineered by...

Riyadh, Saudi Arabia -- Saudi Arabia's oil exports fell by 33.4 percent to SAR 227.7 billion ($60.70 billion), from SAR 341.6 billion, in the second quarter of 2023, contributing mainly to the decline of 31.8 percent in overall merchandise exports, compared to Q2 2022. The value of exports amounted to...

TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five months of the current Iranian calendar year, the Islamic Republic of Iran Customs Administration (IRICA) announced on Tuesday. Also, 14.4 million tons of non-oil goods, valued at US$24.2 billion, were...

Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 19.6 billion ($5.38 billion) in July 2023, a decrease of about QR 15.1 billion or 43.5 percent compared to July 2022, and an increase of nearly QR 2.2...

TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of the current Persian calendar year (March 21 to July 22), the director general of the Trade Promotion Organization of Iran (TPOI) for West Asia said. The administration of President Ebrahim...

Dubai, UAE -- The Gulf Cooperation Council countries were the top destinations for exports and re-exports of Dubai Chamber of Commerce member companies during the first half of 2023. The Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, said Saudi Arabia was named the top...

The foreign minister's visit is also intended to pave way for Turkish President's trip to Baghdad for which a date is yet to be finalized. The issue of water and dams on the Tigris and Euphrates rivers, both of which have their sources in Turkey before entering Iraq, is a...

Tehran, Iran -- Iran exported $2.9 billion worth of non-oil products to Iraq in the first four months of the current Iranian calendar year, an official with the Trade Promotion Organization of Iran (TPOI) said, adding that the country’s export to Iraq will reach $10.5 billion by the yearend. Iran’s...

Dubai, UAE -- The Arab Brazilian Chamber of Commerce (ABCC) recorded a surge of 8 percent in Brazilian exports to the Arab world during the first seven months of 2023, totaling to $10.61 billion, compared to $9.825 billion in the same period in 2022. Brazilian exports to the the kingdom...

As Middle Eastern countries rise economically and their populations grow, Malaysia sees a bigger role in fulfilling the region's growing demand for edible oils and fats.

There are more than 121 Emirati companies operating in the Ethiopian market, contributing to enriching relations between the two countries in the economic aspect, including Julphar Gulf Pharmaceutical Industries Manufacturers, Jenaan Investment, Masdar, Emirates Steel Arkan, DP World, and other leading Emirati companies, he adds.

Abu Dhabi, UAE-- As the UAE President Sheikh Mohamed bin Zayed visits Ethiopia to strengthen relations with the African country, the non-oil trade between the two nations has expanded to US$1.4 billion in 2022. According to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, the UAE’s...

Istanbul, Turkey - Turkey's exports to Saudi Arabia have skyrocketed by an astonishing 630 percent in the first seven months of this year compared to the same period in 2022, the dailysabah reported on Thursday. Data compiled by the Turkish Exporters Assembly (TIM) revealed that exports to the kingdom reached...

The drop in exports was bigger than expected and the heaviest since a 17.2 percent plunge in January-February 2020, when the economy came to a standstill in the early weeks of the Covid-19 pandemic. Apart from a brief rebound in March and April, exports have been in constant decline since...

Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the World Trade Statistical Review 2023, issued by the World Trade Organization, while trade in goods exceeded pre-pandemic levels already in 2021, trade in services caught up in 2022. China remained...

Amman, Jordan--Jordan's exports to the European Union (EU) shot up 23.4 per cent during the first five months of 2023 to $192 million compared to $155 million for the same period last year. According to Jordan News Agency (Petra), foreign trade data issued by the Department of Statistics indicated an...

The share of oil exports in total exports decreased from 80.8 percent in May 2022 to 74.1 percent in May 2023, according to General Authority on Statistics (GASTAT). Compared to April 2023, total merchandise exports decreased by SAR 7.0 billion or 6.7 percent.

Riyadh, Saudi Arabia - Saudi Arabia exported 321,000 tons of dates in 2022 worth 1.28 billion Saudi Riyals ($342 million), marking a 5.4 percent growth compared to the previous year. The growth trend is even more impressive when considering the long-term figures. In 2022, the Kingdom's dates exports surged by...

Riyadh, Saudi Arabia -- Saudi Arabia’s exports to Turkey during the past three years amounted to SAR 52.280 billion ($13.93 billion), and the Kingdom’s imports from Turkey totaled SAR 16.787 billion. Saudi exports largely comprised plastics, metal products, organic chemical products, steel, precious metals and stones and its imports from Turkey were...