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Observer
3 days ago
- Business
- Observer
GCC-France trade hits $29.7 billion in 2023
Total trade between countries of the Gulf Cooperation Council (GCC) and France amounted to USD 29.7 billion in 2023, according to a recent report by the GCC Statistics Center. The figure represents an 8.42% dip in comparison to 2022's figure of $32.2 billion. Exports from countries of the GCC to France experienced a remarkable slide of 24.04%, amounting to $13.9 billion in 2023, in comparison to $18.3 billion a year earlier. Mineral fuels, oils and waxes represented 81.3% of exports with a total value of $11.3 billion. This was followed by miscellaneous items, representing 7.8% of exports with a value of $1.1 billion, and aircraft, spacecrafts and parts representing 3.6% of exports with a value of $0.5 billion. Machinery and mechanical appliances accounted for 2.9% of exports, followed by precious stones and metals which made up for 2.2% of exports valued at $0.3 billion. Inorganic chemicals represented 2.2% of exports with a value of $0.3 billion. Imports from France into the countries of the GCC on the other hand experienced a 13.67% increase in 2023, amounting to a total of $15.8 billion in comparison to $13.9 billion in 2022. Miscellaneous items made up for a majority of imports at 43.7% with a value of $6.9 billion, followed by imports of machinery and mechanical appliances which made up for 17.7% of imports with a value of $2.8 billion. Oils, resinoids, perfumery and cosmetics made up for 13.8% of imports valued at $2.2 billion, followed by precious stones and metals which represented 10.1% of imports with a value of $1.6 billion. Moreover, pharmaceutical products represented 8.9% of imports valued at $1.4 billion, and lastly electrical machinery and equipment made up for 5.7% of imports with a value of $0.9 billion.
Zawya
21-07-2025
- Business
- Zawya
GCC-UK trade slides 13.86% in 2023
MUSCAT: The total trade exchange between countries of the Gulf Cooperation Council and the United Kingdom declined by 13.86% in 2023, in comparison to 2022, according to recent data from the GCC Statistics Center. In 2023, the total trade exchange between the two entities amounted to $31.7 billion, signaling a $5.1 billion decrease from the amount in 2022 valued at $36.8 billion. Exports from the GCC to the UK experienced a sharp decline of 29% in 2023 in comparison to the previous year, totaling $15.6 billion in comparison to $21.9 billion. Mineral fuels, oils and waxes made up 70.5% of exports with a value of $11 billion. This was followed by miscellaneous items, at 11.6% valued at $1.8 billion. Machinery and mechanical appliances made up 6.4% of exports with a value of $1 billion, followed by precious stones and metals valued at $0.8 billion (5.1%). Exports of aircraft and spacecraft and parts accounted for a 3.8% share collectively worth around $0.6 billion, while electrical machinery and equipment made up 2.6% of exports with a value of $0.4 billion. On the other hand, imports from the United Kingdom to the GCC increased by 8.3%, reaching $16.1 billion in 2023, in comparison to $14.9 billion in 2022. Miscellaneous items made up the majority of the imports with a value of $6.2 billion (38.5%). This was followed by machinery and mechanical appliances imports, valued at $4.0 billion representing 24.8% of total imports. Vehicles and vehicle parts represented 19.3% of imports with a value of $3.1 billion, followed by electrical machinery and equipment which represented 6.8% of imports with a value of $1.1 billion. Imports of precious stones and metals represented 5.6% of total imports, with a value of $0.9 billion, while aircraft, spacecraft and parts made up 5% of imports with a value of $0.8 billion. The United Kingdom ranked 11th in 2023 among the GCC's trading partners, slipping two positions from 9th in 2022. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
