Chinese - Arab trade on the rise
The trade value between China and Arab countries in the first half of this year reached US$ 69.1 billion. The bilateral trade between China and Arab countries amounted last year to US$ 107.4 billion, the Arabic Nuqudy.com website reported.
The value of trade exchanges between the two sides witnessed a rapid growth in recent years as the total volume of Chinese - Arab trade reached US$ 36.7 billion in 2004, US$51.3 billion in 2005, US$65.4 billion in 2006 and US$80 billion in 2007. The trade value reached its peak in 2008 - US$ 133 billion.
China's exports to Arab countries include mainly industrial machines, textiles and light industry products while the Arabs export to the Chinese market crude oil, natural gas and phosphates.
- IMF report details the crippling economic effects of conflict in MENA
- Saudi Arabia's plastic consumption 20 times higher than global average
- VAT in Egypt: A guide to taxed and exempted goods
- Go big or go home: Expat salaries soar in Dubai
- Lebanon: Financial analysts warn of long-term economic repercussions after BLOM Bank attack
- Bilateral trade between US and UAE rises $4.75 billion in 2005
- China, Arab states trade hit over US$36 billion in 2004
- Trade between Bahrain and China on a rise
- HSBC Bank Oman corporate clients explore chinese currency’s increasing role and new opportunities in world trade
- Chinese Commodities Fair Sharjah