Page 343 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 4:35 PM UAE foreign trade hits $1.42 trillion in 2024, up from $952.9 billion
UAE foreign trade hits $1.42 trillion in 2024, up from $952.9 billion

in 2021: WTO

H.H. Sheikh Mohammed bin Rashid: UAE prioritizes openness and connectivity,
becoming a vital global economic link

The UAE’s exceptional performance, as outlined in the WTO’s report, showcases its economic resilience despite global trade
uncertainties.
Published: Mon 21 Apr 2025, 9:36 AM
The United Arab Emirates (UAE) recorded total foreign trade of AED5.23 trillion ($1.42 trillion) in
2024, marking a remarkable 49 percent increase from AED3.5 trillion ($952.9 billion) in 2021,
according to the World Trade Organisation’s “World Trade Outlook and Statistics” report.

This growth reflects the UAE’s strategic economic vision, reinforcing its status as the leading trade
hub in the Middle East and Africa since 2014 and positioning it among the top 20 global trade
centers for goods and services. In a global trade landscape characterized by 2.9 percent growth in
merchandise trade and 6.8 percent in services trade in 2024, the UAE’s performance highlights its
resilience in the face of rising tariffs and uncertainties.

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