COMCEC Trade Outlook 2018
23
With regards to the top 10 leading Members in total OIC trade, intra-OIC trade share of Iran
exceeded 25 percent target while intra-trade share of United Arab Emirates was very close to
25 per cent in 2017. On the other hand, Turkey, Saudi Arabia and Kuwait, had intra trade shares
between 18 to 20 per cent while the share of intra-OIC trade remained relatively low inMalaysia,
Indonesia and Nigeria.
Figure 28: Intra-OIC Trade Shares of Top OIC Traders* (2017)
Source: IMF Direction of Trade Statistics (*): Countries are ranked based on their share in total OIC trade.
3.1. Intra-OIC Merchandise Exports
The United Arab Emirates took the lead in intra-OIC exports in 2017 by realizing 22.2 percent
of the total intra-OIC exports and was followed by Saudi Arabia (15.2 per cent) and Turkey (14.1
per cent). These three countries as a whole accounts for almost (51.5 per cent) half of intra-OIC
exports.
Figure 29: Intra-OIC Exports in 2017
Source: IMF Direction of Trade statistics
24.7
9.8
19.7 20.5
13.2
27.4
16.1 15.0
8.8
17.6
0
5
10
15
20
25
30
Per cent
71
49
45
22
21
13
9
9
8
7
0 10 20 30 40 50 60 70 80
UAE
Saudi Arabia
Turkey
Malaysia
Indonesia
Iran
Qatar
Bahrain
Oman
Egypt
Billion USD