Page 390 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:29 PM UAE foreign trade reaches AED5.23 trillion in 2024, up from AED3.5 trillion in 2021 – UAE BARQ
The UAE advanced from 17th to 13th in services exports and from 19th to 21st in services imports between 2021 and
2024, with services comprising 20 percent of total trade.

In 2024, merchandise sectors grew, with office equipment and telecommunications at 10 percent, electronics at 6
percent, and agricultural products, food, and clothing at 3 percent each. Industrial goods rose by 2 percent, and
chemicals and textiles by 1 percent, while fuel and mining products fell by 7 percent, iron and steel by 6 percent, and
automobiles by 1 percent. Global merchandise exports grew by 2 percent, reaching US$24.43 trillion.

The UAE’s achievements reflect its strategy of innovation and diversification, positioning it to navigate a forecasted 0.2
percent decline in global merchandise trade in 2025. Contributing to a 1.6 percent regional GDP growth in 2024, with
projections of 3.2 percent in 2025 and 3.5 percent in 2026, the UAE remains resilient. Its economic policies, strategic
location, and advanced infrastructure solidify its role as a global trade hub.

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