Page 371 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

UAE's non-oil foreign trade continued its upward

trajectory, reaching Dh3 trillion in 2024: Al Zeyoudi

5 Feb 2025 17:44
ABU DHABI (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 Dh3 trillion in 2024, with a record annual
increase of 14.6% compared to 2023.

In statements on Wednesday, 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 Dh2.997 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 Dh4 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 Dh561.2 billion –
nearly 70% of the Dh800 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.

He further stated, “The expansion of foreign trade is the centrepiece of our national economic

https://en.aletihad.ae/news/business/4549685/uae-s-non-oil-foreign-trade-continued-its-upward-
trajectory