COMCEC Trade Outlook 2019
25
With regards to the top 10 leading Members in total OIC trade, intra-OIC trade share of Iran was
very close to 25 per cent in 2018. On the other hand, UAE, Turkey, Saudi Arabia and Kuwait, had
intra trade shares between 17 to 20 per cent while the share of intra-OIC trade remained
relatively low in Malaysia (10.4), Indonesia (12.4) and Nigeria (9.7).
Figure 28: Intra-OIC Trade Shares of Top OIC Traders* (2018)
Source: IMF Direction of Trade Statistics (*): Countries are ranked based on their share in total OIC trade.
3.1. Intra-OIC Merchandise Exports
The UAE took the lead in intra-OIC exports in 2018 by realizing 63 billion USD total intra-OIC
exports and was followed by Saudi Arabia (58 billion USD) and Turkey (41 billion USD). These
three countries as a whole accounts for almost half of intra-OIC exports (47 per cent).
Figure 29: Intra-OIC Exports in 2018
Source: IMF Direction of Trade Statistics
Although the sectorial breakdown of intra-OIC exports is similar to that of total OIC exports
which is dominated by mineral fuels, its share is not as high as in total OIC exports (Figure 30).
Of the total intra-OIC exports, share of mineral fuels, oils and related products was 14 per cent,
19.9
10.4
19.4
17.8
12.4 12.3
23.8
12.6
9.7
17.0
0
5
10
15
20
25
30
Per cent
63
58
41
23
22
17
12
11
10
8
0 10 20 30 40 50 60 70
UAE
Saudi Arabia
Turkey
Malaysia
Indonesia
Iran
Oman
Bahrain
Qatar
Kuwait
Billion USD