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4/23/25, 3:31 PM UAE foreign trade reaches AED5.23 trillion in 2024 - ARN News Centre- Trending News, Sports News, Business News, Dubai New…

UAE foreign trade reaches AED5.23

trillion in 2024

News Home More from Business
Sunday, 20 April 2025 14:45

By ARN News Staff

X/@hhshkmohd

The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5
trillion ($949 billion) in 2021, according to the World Trade Organisation's latest report.

The 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 and Prime Minister of the UAE 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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