UAE’s trade surplus with GCC countries in 2021 valued at AED134.7 billion

The UAE’s trade surplus with other Gulf Cooperation Council (GCC) countries in 2021 was valued at AED134.7 billion, according to figures from the Federal Competitiveness and Statistics Centre.

The figures showed a 26 percent increase in trade between the UAE and GCC countries in 2021, with a value of AED247.5 billion and weighing 68.7 million tonnes, compared to AED196.5 billion in 2020 with a weight of 59.9 million tonnes.

UAE imports from GCC countries in 2021 rose in value to AED56.3 billion, weighing 27.9 million tonnes, compared to AED43.8 billion with a weight of 26.5 million tonnes in 2020.

The UAE’s non-oil exports to GCC countries at the end of 2021 stood at AED71.9 billion, weighing 36.4 million tonnes, compared to AED48.8 billion with a weight of 29.3 million tonnes at the end of 2020.

The value of re-exports at the end of 2021 amounted to AED119.1 billion, weighing 4.3 million tonnes, compared to AED103.8 billion with a weight of 4.08 million tonnes at the end of 2020.

News Source: Emirates News Source