Page 330 - MOE ENGLISH PR REPORT - AUGUST 2024

8/26/24, 4:54 PM UAE's first-half non-oil foreign trade hits record $381bn on growing Cepa deals | The National
commitment to building strong, productive public-private partnerships as well as fostering

collaborative growth with emerging global economies," Dr Al Zeyoudi said.

“It’s clear that our Cepa programme is playing a central role in achieving these record

results" he said adding that the country continues to expand and finalise more Cepa deals.
"We anticipate further growth, steering us toward our target of Dh4 trillion in non-oil

foreign trade by 2031".

Top 10 trading partners

The UAE’s non-oil exports to its top 10 trade partners grew by 28.7 per cent, while with

all the other nations, it recorded a 12.6 per cent increase.

"Our economic relations with various countries have strengthened, with trade increasing

by 10 per cent with India, 15 per cent with Turkey, and 41 per cent with Iraq, making Iraq

the top destination for UAE exports, followed by India, Turkey, and others," Sheikh

Mohammed said.

In terms of export categories, gold, jewellery, aluminium, copper wires, printed materials,

silver, iron industries, and perfumes topped the list in the first six-month, growing by 36.8
per cent compared to the same period in 2023.

Re-exports from the country reached Dh345.1 billion at the end of June, growing by 2.7

per cent compared to the same period in 2023, increasing by more than 11 per cent

compared to the same period in 2022.

Re-exports with all key trading partners grew during the first half, particularly with Saudi
Arabia, Iraq, India, the US, Kuwait, and Qatar, the Media Office said.

Kazakhstan joined the list of the UAE's leading re-export partners, nearly doubling its

growth due to increased re-exports of telephone devices.

https://www.thenationalnews.com/business/economy/2024/08/25/uaes-first-half-non-oil-foreign-trade-hits-record-381bn-on-growing-cepa-deals/ 3/4