Page 421 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

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.

https://www.msn.com/en-ae/money/economy/uae-foreign-trade-reaches-aed5-23-trillion-in-
2024-up-from-aed3-5-trillion-in-2021/ar-AA1DgpO7?ocid=BingNewsSerp