Page 359 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 4:36 PM UAE Foreign Trade Reaches AED5.23 Trillion in 2024

UAE Foreign Trade Reaches AED5.23 Trillion In 2024, Up

From AED3.5 Trillion In 2021

Anand Rai
April 21, 2025 Gulf Standard Time: 12:37 pm

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The United Arab Emirates recorded total foreign trade of AED5.23 trillion (US$1.424 trillion) in 2024, a 49 % increase from AED3.5 trillion
(US$949 billion) in 2021, according to the World Trade Organisation’s “World Trade Outlook and Statistics” report.
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 global trade centres for goods and services.
In a global trade environment marked by 2.9 per cent growth in merchandise trade and 6.8 per cent in services trade in 2024, the UAE’s
performance underscores its resilience amid rising tariffs and uncertainties.

His Highness 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 and trade challenges, the UAE has prioritised openness, connectivity, and the free
flow of trade, capital, and people, establishing itself as a vital link between East and West and a global economic centre.”

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