Page 355 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 4:36 PM tradearabia.com/touch/article/BANK/432623
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Finance & Capital Market
Finance & Capital Market
UAE's foreign trade surges 49pc to $1.4 trillion in 2024
UAE's foreign trade surges 49pc to $1.4 trillion in 2024

The UAE had recorded total foreign trade of AED5.23 trillion ($1.424 trillion) in 2024, thus posting a 49% increase from AED3.5 trillion ($949 billion) in 2021, according to the Wor
The UAE had recorded total foreign trade of AED5.23 trillion ($1.424 trillion) in 2024, thus posting a 49% increase from AED3.5 trillion ($949 billion) in 2021, according to the Wor

This robust growth reflects the UAE’s strategic economic vision, reinforcing its position as the leading trade hub in the Middle East and Africa since 2014 and among the top 20 gl
This robust growth reflects the UAE’s strategic economic vision, reinforcing its position as the leading trade hub in the Middle East and Africa since 2014 and among the top 20 gl

In a global trade environment marked by 2.9% growth in merchandise trade and 6.8% in services trade in 2024, the UAE’s performance underscores its resilience amid rising tarif
In a global trade environment marked by 2.9% growth in merchandise trade and 6.8% in services trade in 2024, the UAE’s performance underscores its resilience amid rising tarif

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, emphasised the UAE’s role as a global trade hub, saying: "In a world of economic
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, emphasised the UAE’s role as a global trade hub, saying: "In a world of economic
trade, capital, and people, establishing itself as a vital link between East and West and a global economic centre."
trade, capital, and people, establishing itself as a vital link between East and West and a global economic centre."

Sheikh Mohammed highlighted key achievements from the WTO report:
Sheikh Mohammed highlighted key achievements from the WTO report:
•Foreign trade reached AED5.23 trillion in 2024, with a trade surplus of AED492.3 billion, positioning the UAE as a driver of international trade.
•Foreign trade reached AED5.23 trillion in 2024, with a trade surplus of AED492.3 billion, positioning the UAE as a driver of international trade.
•The UAE ranked 11th globally in merchandise exports and 13th in services exports.
•The UAE ranked 11th globally in merchandise exports and 13th in services exports.
•Services exports totaled AED646.6 billion, including AED191 billion in digital services, comprising 30% of service exports.
•Services exports totaled AED646.6 billion, including AED191 billion in digital services, comprising 30% of service exports.
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