Page 382 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:28 PM UAE foreign trade reaches AED 5.23trln in 2024, up from AED 3.5trln in 2021
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 tariffs and uncertainties.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of
Dubai, emphasized the UAE’s role as a global trade hub: “In a world of economic and trade challenges,

the UAE has prioritized 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 center.”

His Highness Sheikh Mohammed bin Rashid Al Maktoum highlighted key achievements from the WTO
report:

Foreign trade reached AED 5.23 trillion in 2024, with a trade surplus of AED 492.3 billion,

positioning the UAE as a driver of international trade.
The UAE ranked 11th globally in merchandise exports and 13th in services exports.
Services exports totaled AED 646.6 billion, including AED 191 billion in digital services, comprising
30% of service exports.

Merchandise exports amounted to AED 2.22 trillion in 2024.
The UAE contributed 41.4% of the Middle East’s merchandise exports, solidifying its role as the
region’s primary trade hub.

His Highness 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
liberalization, and global connectivity will ensure continued growth and leadership.”

The UAE’s exceptional performance, as detailed in the WTO’s report, demonstrates its economic
resilience amid global trade uncertainties. Comprehensive foreign trade (goods and services) grew by
49% from 2021, reaching AED 5.23 trillion (USD 1.424 trillion) in 2024.

https://www.zawya.com/en/press-release/government-news/uae-foreign-trade-reaches-aed-523trln-in-2024-up-from-aed-35trln-in-2021-nf0uvd3j 2/5