Abu Dhabi's total trade with Saudi Arabia amounted to Dh1.4 billion ($381 million) during January, an increase of 3.7 per cent over the same month 2017, a media report said.

Saudi Arabia comes on top of Arab and Gulf countries with the largest trade volume with the Emirate of Abu Dhabi, accounting for around 11.3 per cent of the emirate's total trade with all world countries during January, which is valued at Dh12.4 billion, reported Emirates news agency Wam, citing figures released by Statistics Centre - Abu Dhabi.

Market analysts attributed the bilateral trade growth to the privileged economic relations between the UAE and Saudi Arabia, especially following the formation of an ad hoc committee dedicated to the development of trade between the two sides, last year.

Abu Dhabi's total imports from Saudi Arabia amounted to Dh950 million during January, against Dh888 in the same month 2017.

I Re-exports between the two sides increased from Dh152 million to around Dh230 million during the same period, while exports were down to Dh205 million from Dh3000 million.

Abu Dhabi's total trade with Saudi Arabia in 2017 totalled around Dh17.4 billion, accounting for 11.1 per cent of the emirate's total trade with all world countries by the end of December.