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2/22/24, 5:15 PM UAE nears $1tn in non-oil foreign trade in 2023
UAE nears $1tn in non-oil foreign
trade in 2023
RIYADH: UAE’s non-oil foreign trade reached a record-breaking 3.5 trillion
dirha ms ($953 billion) in 2023, signicantly increasing from the 2.2 trillion
dirha ms recorded the year before.
Trade between the country and its top 10 crucial foreign partners expanded by
26 percent last year, as stated by Dubai’s ruler Sheikh Mohammed bin Rashid
Al-Maktoum, in a post on the social media platform X on Sunday.
Al-Maktoum lauded the nation’s accomplishments, highlighting that the UAE
continues to set new records despite global challenges.
“We indicated at the beginning of 2023 that it would be a record economic year,”
he said.
“The UAE ha s establishe d new bridges of cooperation through comprehensive
partnershi p agreements in 2023,” the country’s ruler added.
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