Page 369 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

UAE's non-oil foreign trade continued its upward

trajectory, reaching AED3 trillion in 2024: Al Zeyoudi

• Wednesday, February 5, 2025 5:23 PM
• 2 minutes Reading

ABU DHABI, 5th February, 2025 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for
Foreign Trade, stated that the UAE's non-oil foreign trade has continued its upward trajectory,
reaching AED3 trillion in 2024, with a record annual increase of 14.6% compared to 2023.

In statements to the Emirates News Agency (WAM), Dr. Al Zeyoudi said, ‘’Guided by the strategic
vision of the national leadership, the UAE’s foreign trade continues its remarkable upward
trajectory. In 2024, our non-oil foreign trade reached an all-time high of AED2.997 trillion, increasing
by 14.6% on 2023 against a global trade growth average of around 2.4%. The milestone also means
we have achieved 75% of the AED4 trillion target set in the ‘We the UAE 2031’ national vision with
seven full years remaining."

“Of all the positive indicators, the most encouraging is the increasing contribution of non-oil
exports to our foreign trade. Last year, they climbed 27.6% in to reach a record AED561.2 billion –
nearly 70% of the AED800 billion target. Exports now comprise 18.7% of total trade, up from 16.8%
in 2023 and 14.1% in 2019. These numbers confirm the pace and scale of our economic
diversification plans, in which we are investing new economic sectors, creating new products for
export, and establishing new means of long-term value creation," he added.

https://www.wam.ae/en/article/bi1stzy-uaes-non-oil-foreign-trade-continued-its-upward