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Gulf Countries' $2.5B June Trade Surplus with Japan
The trade surplus between the five Gulf countries (Saudi Arabia, the UAE, Qatar, Kuwait, and Oman) and Japan increased to $2.49 billion in June 2026, representing a 4.7% decrease compared to the same month of the previous year. Nonetheless, the countries recorded an overall trade surplus of $17.64 billion in the first half of the year, with exports amounting to $26.74 billion and imports exceeding $9 billion. Data showed that Gulf exports to Japan declined by 4%, while Oman's exports surged by 82.37%. Meanwhile, exports from Kuwait and Qatar dropped by over 82%. Japan's trade balance with the world also recorded a deficit of $2.49 billion, despite a 19.3% increase in exports.
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