RAK non-oil foreign trade sees 14% increase in 2021

The Emirate of Ras Al Khaimah has seen a 14 per cent increase in non-oil foreign trade in 2021, surging from AED 14.78 billion in 2020 to AED 16.83 billion in 2021, according to the RAK Centre for Statistics and Studies.

Exports accounted for the largest portion of the emirate's total non-oil foreign trade, reaching 57 per cent, at AED 9.539 billion compared to 2020, followed by imports, which accounted for 35 per cent of the total, amounting to AED 5.97 billion, compared to AED 5.36 billion in 2020, followed by re-exports at 8 per cent of the total.

Asian non-Arab countries were ranked first in terms of trade exchange volume in 2021, with their total reaching AED 6.25 billion (36 per cent of the emirate's total trade volume), followed by GCC countries in second place with AED 2.98 billion (18 per cent), then Europe with AED 2.49 billion (15 percent), Arab countries with AED 2.14 billion (13 per cent), the Americas with AED 1.24 billion (7.35 per cent), and finally African non-Arab countries with AED 1.21 billion (7 per cent).

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