Page 345 - 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
Key achievements highlighted

H.H. Sheikh Mohammed bin Rashid Al Maktoum underscored significant achievements from the
WTO report, noting that foreign trade reached AED5.23 trillion in 2024, with a trade surplus of
AED492.3 billion, establishing the UAE as a vital driver of international trade. The UAE ranked
11th globally in merchandise exports and 13th in services exports. Services exports amounted to
AED646.6 billion, including AED191 billion in digital services, which accounted for 30 percent of
service exports. Merchandise exports totaled AED2.22 trillion in 2024, and the UAE contributed
41.4 percent of the Middle East’s merchandise exports, solidifying its role as the region’s primary
trade hub. H.H. Sheikh Mohammed bin Rashid Al Maktoum concluded, “Under the leadership of
the President, we will sustain and enhance these achievements. Our commitment to openness, trade
liberalisation, and global connectivity will ensure continued growth and leadership.”

Economic resilience amid global uncertainties

The UAE’s exceptional performance, as outlined in the WTO’s report, showcases its economic
resilience despite global trade uncertainties. Comprehensive foreign trade (goods and services) grew
by 49 percent from 2021, reaching AED5.23 trillion ($1.424 trillion) in 2024. Dr. Thani bin Ahmed
Al Zeyoudi, Minister of State for Foreign Trade, affirmed, “Driven by visionary leadership and a
commitment to economic openness, innovation, and global integration, the UAE has solidified its
status as a global trade hub. Ranking 11th in merchandise exports and 13th in services exports, with
a trade surplus of AED492.3 billion, the UAE achieved merchandise exports of AED2.22 trillion
and services exports of AED646.6 billion, including AED191 billion in digital services, reflecting
30 percent growth and leadership in future-oriented sectors.” Al Zeyoudi added, “These
achievements stem from national efforts, flexible policies, and strong international partnerships. The
UAE will continue to enhance its global role by facilitating trade, expanding collaborations, and
integrating with global value chains.”

Read more: UAE and Chad Presidents discuss cooperation in trade, economy and investment

Trade balance and export growth

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