UAE Bahrain Bilateral Trade Crosses $550 Million in Q1 2020
Global News

UAE Bahrain Bilateral Trade Crosses $550 Million in Q1 2020

UAE first quarter exports to Bahrain valued at $215 million

TLME News Service

Over the first quarter of 2020, the volume of bilateral trade between the Kingdom of Bahrain and the United Arab Emirates (UAE) exceeded $550 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 $250.2 million, 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.

Read More: Global Trade Values See Record Decline

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