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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

GCC’s Total Foreign Merchandise Trade Value Reaches $1.146 Tn

GCC Gulf Cooperation Council Saudi Arabia UAE
Foreign merchandise trade of the GCC countries is on the rise with the growth of exports (Asharq Al-Awsat)

The Gulf Cooperation Council (GCC) total international merchandise trade movement reached $1.146 trillion, compared to $840.7 billion in 2020, an increase of 36.4 percent.

The UAE and Saudi Arabia contributed about three-quarters of the volume of foreign merchandise trade, while the total merchandise exports in 2021 amounted to $668.6 billion, an increase of 52.5 percent compared to 2020.

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