UAE foreign trade reaches AED5.23 trillion in 2024, up from AED3.5 trillion in 2021

UAE foreign trade reaches AED5.23 trillion in 2024, up from AED3.5 trillion in 2021

The United Arab Emirates recorded total foreign trade of AED5.23 trillion (US$1.424 trillion) in 2024, a 49 percent increase from AED3.5 trillion (US$949 billion) in 2021, according to the World Trade Organisation’s “World Trade Outlook and Statistics” report. This robust growth reflects the UAE’s strategic economic vision, reinforcing its position as the leading trade hub in the Middle East and Africa since 2014 and among the top 20 global trad…

UAE Foreign Trade Surges to $1.42 Trillion, Strengthening Position as Regional Trade Leader

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on the X platform that UAE foreign trade reached Dhs 5.23 trillion in 2024. Sheikh Mohammed elaborated, “In a world facing major economic and trade challenges, the UAE has chosen from the outset an approach of openness, building bridges, and promoting the free movement of trade, capital, and people. This has made it a br…