Page 415 - 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
The UAE contributed 41.4 percent of the Middle East's merchandise exports,

solidifying its role as the region's primary trade hub.

H.H. 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 liberalisation, 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 percent from 2021, reaching AED5.23

trillion (US$1.424 trillion) in 2024.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed,

"Driven by visionary leadership and a commitment to economic openness,

innovation, and global integration, the UAE has solidified its status as a global trade

hub. Ranking 11th in merchandise exports and 13th in services exports, with a trade

surplus of AED492.3 billion, the UAE achieved merchandise exports of AED2.22

trillion and services exports of AED646.6 billion, including AED191 billion in

digital services, reflecting 30 percent growth and leadership in future-oriented

sectors."

Al Zeyoudi added, "These achievements stem from national efforts, flexible

policies, and strong international partnerships. The UAE will continue to enhance
its global role by facilitating trade, expanding collaborations, and integrating with

global value chains."

The UAE achieved a trade balance surplus of AED492.3 billion (US$134 billion) in

2024, down slightly from AED573.1 billion in 2023, reflecting stability amid global

challenges. Exports totaled AED2.8619 trillion, against imports of AED2.3696

trillion, per 2021-2024 statistics.

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