Page 675 - MOE ENGLISH PR REPORT - JULY 2024
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7/10/24, 5:09 PM UAE And Japan Discuss The Latest Developments In The Comprehensive Strategic Partnership And Sign A Number Of Memorand…
investments in the Middle East countries during the same year (an increase of 71% from the
year 2022), mainly covering diverse sectors such as technology, renewable energy and
transportation.
It is worth noting that the total trade exchange between the two countries in 2023 amounted to
about $47.4 billion (including petroleum products), while non-oil trade exchange amounted to
about $15.6 billion during 2023, achieving a growth of 6.1% compared to 2022. The UAE is
considered as the first trading partner to Japan in terms of exports and imports to the Gulf
Cooperation Council countries, as the country receives 47% of Japan's exports to the GCC
countries.
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