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FINANCIAL NEWS
GCC, Japan bilateral trade reaches USD164.76b in 2014
18 May 2015
(MENAFN) The value of the bilateral trade between the GCC countries and Japan were reduced by 3.82 percentages to a total of USD164.76 billion in the year of 2014, Saudi Gazette reported.
The figure compares to USD171.31 billion recorded back in 2013. The shortfall is due to a 4.28 percent average decline in crude oil prices, which the GCC exported to Japan in 2014.
Japan’s exports to the GCC countries showed a strong recovery in 2014 supported by increased demand for machinery and equipment, and iron and steel products.
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