Page 411 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)
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4/23/25, 3:31 PM UAE foreign trade hits $1.42tn in 2024 as goods and services boom - Arabian Business: Latest News on the Middle East, Real Esta…
The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th
in imports between 2021 and 2024, contributing 2.5 per cent to global merchandise exports
and 2.2 per cent to imports.
Exports reached $603bn (AED2.2153tn), and imports totalled $539bn (AED1.9802tn) in
2024.
The UAE ranked 21st globally in digital services exports, valued at $52bn (AED191bn) in
2024, up from $37bn in 2021 and $48bn in 2023.
Total digital services trade reached $94bn (AED345bn), comprising one-third of services
trade. Digital services imports, at $42bn (AED154bn), also ranked 21st, contributing 1.1
per cent to global imports, reinforcing the UAE’s role as a technology hub.
Services trade totalled AED1.036tn ($282bn) in 2024, with exports of AED646.6bn (62.4
per cent) and imports of AED389.4bn. Information services grew by 14 per cent, tourism by
13 per cent, computer services by 12 per cent, financial services by 9 per cent, and
transport, intellectual property, and insurance services by 8 per cent each, contributing
26.4 per cent to global trade, the highest share since 2005.
The UAE accounted for 41.4 per cent of the Middle East’s $1.5tn merchandise exports,
with regional exports growing by 3.7 per cent and services by 4.1 per cent in 2024.
Globally, the UAE contributed 2 per cent to services exports and 1.3 per cent to imports,
with service exports of $176bn (AED646.6bn) and imports of $106bn (AED389.4bn).
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 per cent of total trade.
In 2024, merchandise sectors grew, with office equipment and telecommunications at 10
per cent, electronics at 6 per cent, and agricultural products, food, and clothing at 3 per
cent each.
Industrial goods rose by 2 per cent, and chemicals and textiles by 1 per cent, while fuel
and mining products fell by 7 per cent, iron and steel by 6 per cent, and automobiles by 1
per cent.
.. روﺳﺟﻟا ءﺎﻧﺑو .. حﺎﺗﻔﻧﻻا ﺞﮭﻧ ﺔﯾادﺑﻟا ذﻧﻣ تارﺎﻣﻹا ترﺎﺗﺧا .. ىرﺑﻛ ﺔﯾرﺎﺟﺗو ﺔﯾدﺎﺻﺗﻗا تﺎﯾدﺣﺗ دﮭﺷﯾ مﻟﺎﻋ ﻲﻓ
.. سﺎﻧﻟا ﺔﻛرﺣو لاوﻣﻷا ﺔﻛرﺣو ةرﺎﺟﺗﻟا ﺔﻛرﺣ ﺔﯾرﺣو
.. ً ﺎﯾﻣﻟﺎﻋ ً ﺎﯾدﺎﺻﺗﻗا ًازﻛرﻣو .. برﻐﻟاو قرﺷﻟا نﯾﺑ ًارﺳﺟ موﯾﻟا ﺢﺑﺻﺗﻟ
https://www.arabianbusiness.com/politics-economics/uae-foreign-trade-2024 4/5
