Page 414 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:31 PM UAE foreign trade reaches AED5.23 trillion in 2024, up from AED3.5 trillion in 2021
among the top 20 global trade centres for goods and services.

In a global trade environment marked by 2.9 percent growth in merchandise trade

and 6.8 percent 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."

H.H. Sheikh Mohammed bin Rashid Al Maktoum highlighted key achievements

from the WTO report:

Foreign trade reached AED5.23 trillion in 2024, with a trade surplus of AED492.3

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 AED646.6 billion, including AED191 billion in digital

services, comprising 30 percent of service exports.

Merchandise exports amounted to AED2.22 trillion in 2024.

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