#Saudi trade with four Gulf states plunges 5.5% in five months | ZAWYA MENA Edition

Saudi trade with four Gulf states plunges 5.5% in five months | ZAWYA MENA Edition:

The trade exchange between Saudi Arabia and four Gulf countries (the UAE, Bahrain, Kuwait, and Oman) decreased during the first five months of 2019, according to data released by the kingdom’s General Authority for Statistics (GAS). 

The bilateral trade between Saudi Arabia and the four countries declined by 5.5% in value to SAR 43 billion from January 2019 to the end of May, compared to SAR 45.48 billion in the year-ago period.

Saudi exports to those countries went down to SAR 18.82 billion in the fifth-month period ended 31 May, from SAR 20.28 billion the year before.