UAE-Bahrain Trade Returning To Pre-coronavirus Levels

Bahrain's trade for the first half of the year reached $10.4bn globally, down 2% on 2019

Trade between the UAE and Bahrain has returned to levels not seen since before the Covid-19 pandemic, with new figures revealing $936 million in bi-lateral commerce during the first half of the year.

June's figures showed the positive economic impact of support measures on the economies of both countries, with trade returning to $139.6 million – the highest levels since coronavirus struck the region in March this year.

The recent reopening of the King Fahd Causeway to transit traffic is expected to further boost trade numbers in the latter half of the year.

According to the new figures, Bahrain's overall trade for the year-half reached $10.4 billion globally, including $2.9 billion to other GCC nations.

Bahrain's overall trade for the year-half reached $10.4 billion globally

Despite the Covid-19 pandemic, the kingdom's overall global trade figures during H1 reduced by just two percent.

Exports to the GCC over the first half of the year represented 66 percent of the total figure, while imports to the kingdom from the rest of the GCC represented 34 percent of Bahrain's bilateral trade.

Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.
RECENT NEWS

ADGM Posts 48% AUM Surge And Strong Q3 Growth As Entities Pass 11,900 Licences

ADGM reports a 48% rise in AUM, licence growth and expanding real estate activity in Q3, reinforcing position as financ... Read more

Mastercard Predicts AI, Digital ID And Crypto To Reshape Payments In 2026

Mastercard report reveals six industry trends set to revolutionise money movement as AI agents, digital identity tools ... Read more

Peel Hunt Goes Global With Abu Dhabi Push

New Middle East office marks the bank’s biggest leap yet as it chases rising capital flows in the Gulf The post Peel ... Read more

UAE Residents Can Invest In Retail Sukuk From $1,089 With Emirates Islamic App

UAE Ministry of Finance partners with Emirates Islamic to expand Retail Sukuk , enabling investment in fractional T-Suk... Read more

Aldar, Mubadala Capital JV To Bridge Regional Opportunities With International Capital

It will combine Aldar’s market-leading real estate investment and development expertise with Mubadala Capital’s ins... Read more

Mashreq Capital Launches BITMAC Fund With Bitcoin Allocation For Retail Investors

New DIFC-domiciled multi-asset fund combines equities, fixed income, gold and Bitcoin exposure within a DFSA-regulated ... Read more