Japan steps up oil imports from UAE



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  Japan Intensifies UAE Oil Imports
Japan Steps Up UAE Oil Imports

Japan Steps Up UAE Oil Imports

The Kingdom of Saudi Arabia Japan Imports 19.149 million barrels of crude oil from the United Arab Emirates last May, according to the Tokyo Energy and Natural Resources Agency.
] The WA percentage UAE oil exports accounted for 20.7% of total oil imports from the agency of the Ministry of Economy, Trade and Industry.
Non-oil trade between the UAE and Japan reached 58.1 billion dirhams at the end of 2017, and increased by 8.4 percent compared to 2016, when the volume of trade between the two countries reached 53 , 5 billion dirhams. Trade between the two countries in two years reached about 111.6 billion dirhams.

Japan holds an advanced rank in foreign direct investment According to the Federal Authority for Competitiveness and Statistics, Marat reports 14.4 billion dirhams.
Foreign investment in the United Arab Emirates reached AED 1.049 billion at the end of 2016 compared to AED 836.49 billion in 2015, an increase of 25.4% or AED 212.8 billion. The Economic Council of Abu Dhabi-Japan was created to increase and strengthen communication between Japan and Abu Dhabi, as well as to facilitate trade and investment between the two parties.

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Source: Witness

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