The northern emirate of Ras Al Khaimah has witnessed a 14 per cent jump in its non-oil foreign trade in 2021, which surged to AED16.83 billion  ($4.58 billion) from AED14.78 billion the year before, according to the RAK Centre for Statistics and Studies.

Exports accounted for the lion's share of the emirate's total non-oil foreign trade, reaching 57 per cent at AED9.539 billion compared to 2020, followed by imports, which accounted for 35 per cent of the total hitting AED5.97 billion, over AED5.36 billion in 2020, followed by re-exports at 8 per cent of the total, stated the report. Asian non-Arab countries were ranked first in terms of trade exchange volume in 2021, reaching AED 6.25 billion, followed by GCC countries with AED2.98 billion (18 per cent) and then Europe in third spot with AED 2.49 billion (15 percent).

Arab countries came fourth in the list with AED2.14 billion (13 per cent), the Americas with AED1.24 billion (7.35 per cent), and finally African non-Arab countries with AED 1.21 billion (7 per cent).