Saudi Arabia tops 2020 list of UAE export markets

Saudi Arabia tops 2020 list of UAE export markets
Saudi Arabia tops 2020 list of UAE export markets

Thank you for reading the news about Saudi Arabia tops 2020 list of UAE export markets and now with the details

Jeddah - Yasmine El Tohamy - DUBAI: Saudi Arabia was the UAE’s top export market last year, with exports and re-exports from the emirates to the Kingdom amounting to 73.58 billion UAE dirhams ($20.04 billion) during the first nine months of 2020.

The latest figures from the UAE’s Federal Competitiveness and Statistics Centre reported that the Emirates exported to 230 countries in 2020, up from 200 in 2019.

While Saudi Arabia took the top spot as the biggest export destination for the UAE, second was Iraq with 36.5 billion dirhams followed by Switzerland (33.47 billion), India (24.78 billion), Oman (24 billion), China (22 billion), Hong Kong (20.4 billion), Kuwait (16.1 billion), the US (13.1 billion) and Italy (12.75 billion).

In total, the UAE earned 460 billion dirhams from foreign trade in the first nine months of 2020, despite the slowdown as a result of the coronavirus pandemic.

These were the details of the news Saudi Arabia tops 2020 list of UAE export markets for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Sustainable beauty: Capturing a rising demand for conscious living