Media Center

RAK and GCC Trade at AED4 Billion July 09,2019

GCC countries came in the lead on list of Ras Al Khaimah trade partners in 2018. The period from 2010-2018 saw an increase of trade volume by 45% up to AED4.15 billion, representing 29% of RAK overall external trade in 2018.

According to RAK Chamber of Commerce and Industry, the GCC countries came on top in terms of exports, which increased during 2010-2018 by 78%, from AED1.626 billion to AED2.897 billion. The GCC countries were the biggest contributor in 2018, with a share of 39% of the overall exports.
In terms of imports, the GCC countries were up by 40% during 2010-2018, from AED265 million to AED372 million, with an 8% share compared to other countries in 2018. On the other hand, reexports to the GCC countries declined by 8%, from AED961 million to AED880 million. However, the GCC countries were the biggest contributor in 2018, with a share of 51.5% of the overall reexports.

Oman had the biggest share among GCC countries, with a total trade volume of AED1.862 billion (44.9%), followed by Kuwait with AED859 million (20.7%), Bahrain with AED725 million (17.5%) then KSA with AED701 million (16.9%). 

In 2018, Oman registered as the biggest export destination, with AED1.13 billion, (35%) followed by Kuwait with AED834 million (29%) and Bahrain with AED587 million (20%).