Over the first quarter of 2020, the volume of bilateral trade between the Kingdom of Bahrain and the United Arab Emirates (UAE) exceeded AED 2 billion (US$ 550.4 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 US$ 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 US $ 819 million, or 49.1%.
The value of total imports to Bahrain from the GCC stood at US$ 541.4million in Q1. Imports from KSA were valued at US$ 250.2million, followed by the UAE at US$ 215.1million, Oman with US$ 41.4million and finally Kuwait with US$ 24.4 million.
The value of non-oil exports from Bahrain to the GCC stood at US$1.126 billion for Q1 2020. Again, trade with Saudi Arabia ranked highest, as it imported US$ 569.9million worth of goods from the Kingdom, followed by the UAE with a value of US$ 339.9million, Oman with a value of US$ 139.9million, and finally Kuwait, which imported goods from Bahrain with a value of US$ 76 million.
