Saudi imports from UAE jump back up in August

Getty Images
Short Url
  • On an annual basis, UAE imports increased by about 47 percent

The value of º£½ÇÖ±²¥'s imports from the United Arab Emirates (UAE) in August increased by about 31 percent month on month, official data showed on Monday, jumping back from a steep decline in July after the kingdom imposed new rules on imports from other Gulf countries.


Imports from neighbouring UAE rose to 4.1 billion riyals ($1.09 billion) from 3.1 billion riyals in July, according to data from the General Authority for Statistics.

On an annual basis, UAE imports increased by about 47 percent.


The monthly increase follows a 33 percent decline in July, when º£½ÇÖ±²¥ amended rules on imports from other Gulf Cooperation Council (GCC) countries to exclude goods made in free zones or using Israeli input from preferential tariff concessions, a move seen as a challenge the UAE's status as the region's trade and business hub.