FINANCIAL NEWS

GCC-US non-oil trade grows to USD41.7bn

19 Jun 2016

(MENAFN) The volume of trade between the GCC and the US in the Jan-Sep period of 2015 reached USD41.7bn, an increase of 2.8 percent.

Accordingly, the whole value of non-oil merchandise exports of GCC States to the US in the cited period valued USD4.8bn compared to USD4bn of 2014.

Moreover, all imports of GCC countries from the US amounted to USD36.9bn, an increase of 1 percent compared to the same period in 2014.

Saudi Arabia was ranked as the major trading partner of GCC States for the volume of non-oil trade with the US at USD17.4bn.

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