Media ININ Economy We Trust
Abu Dhabi, May 23 / The total volume of non-oil foreign trade between the UAE and Malaysia during the 10 years amounted to 160.2 billion dirhams. Imports accounted for 76% of the total trade exchange between the two sides, with a value of 121.6 billion dirhams, and exports by 16.5%, with a value of 26.5 billion dirhams. While re-exports accounted for 7.5%, with a value of 12 billion dirhams, according to data from the Federal Center for Competitiveness and Statistics.
The data of the non-oil foreign trade report between the UAE and Malaysia during the period 2013-2022 issued by the “Competitiveness and Statistics” showed that trade exchange between the two countries grew by 6% to 16.98 billion dirhams by the end of 2022, compared to 16.06 billion dirhams by the end of 2021, with a growth rate of 32% compared to 12.917 billion dirhams in 2020.
During the past ten years, 2013 recorded the highest value of non-oil trade exchange in a decade, amounting to 21.08 billion dirhams.
The evidence showed that the item of ornaments and jewelry of precious metals topped the list of the top 5 commodities that were imported from Malaysia during 2022, with a value of 2.35 billion dirhams, while the item of gold in raw or semi-manufactured forms came at the top of the list of the top 5 commodities that were exported from the country to Malaysia during the year 2022. Recording a value of 1.6 billion dirhams.
