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

Dubai Chambers And EDB Join Forces To Unlock Growth Opportunities For SMEs

Dubai Chambers and Emirates Development Bank join forces to simplify banking, expand trade finance and support SME glob... Read more

US Federal Reserve Poised To Cut Rates As Gulf Economies Brace For Ripple Effects

Gulf investors brace for a near-certain US rate cut, with UAE borrowing costs set to fall and cash shifting into stocks... Read more

Money20/20 Middle East: Saudi Stock Market Value Surges To $2.67trn, CMA Chief Says

Saudi Arabia’s stock market approaching SR10tn ($2.67tn) in value as the CMA hosts Money20/20 Middle East Read more

HSBC Cashes In On Record HNWI Influx To UAE With Launch Of First Middle East Wealth Centre

HSBC has been expanding similar wealth hubs in China, Hong Kong, the UK, and more to serve clients who need multi-juris... Read more

Saudi Arabia Launches Google Pay

Saudi Central Bank launches Google Pay via mada, advancing Vision 2030 goals to boost digital payments, reduce cash rel... Read more

Next UAE Holiday Dates, Emirates ID Update, Dubai Tourism Boom And Real Estate Tax Analysis – 10 Things You Missed This Week

Catch up on the UAE’s biggest news this week — from new holidays and Emirates ID updates to Dubai tourism growth, r... Read more