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The UAE’s trade account surplus with countries in the Arab world (Cooperation Council for the Gulf Arab States and other Arab countries) jumped to 136.5 billion dirhams in the first nine months of 2020 , according to the latest statistics released by the Federal Center for Competitiveness and Statistics, which monitors the movement of state trade with all countries of the world.
The big jump in the state’s trade account surplus with the Arab countries combined during the period from January to the end of September of last year, reaffirmed the UAE’s leadership as the main gateway trade in the region, which strengthens its position as a pivotal player in international trade.
In detail, the total value of state exports “including exports and re-exports” to Gulf Cooperation Council countries reached 121.1 billion dirhams in the first nine months of 2020, while the the value of its imports from these countries reached nearly 32.6 billion. dirhams, which means a trade value account surplus of 88.5 billion dirhams.
Saudi Arabia dominated the first place in the Arab world and the second in the world in trade with the United Arab Emirates, with a value that exceeded 90.8 billion dirhams in the first nine months of 2020.
In terms of the state’s trade with the rest of the other Arab countries, the total value of its exports to these countries amounted to approximately 74.722 billion dirhams, while the value of its imports reached 26.731 billion dirhams, which means achieving a surplus in favor of the Emirates of approximately 48.036 billion dirhams in the first nine months of 2020.
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