The United Arab Emirates registered the total foreign trade of AED5.23 billion (US $ 1,424 billion) in 2024, an increase of 49 percent of AED3.5 billion (US $ 949 billion) in 2021, according to that of the World Commercial Commerce Organization
This robust growth reflects the strategic economic vision of the EAU, reinforcing its position as the main shopping center in the Middle East and Africa since 2014 and among the 20 main world shopping centers for goods and services.
In a global commercial environment marked by a growth of 2.9 percent in the merchandise trade and 6.8 percent in the service of services in 2024, the performance of the EAU underlines their recovery capacity in the midst of rates and increasing uncertainties.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Rule of Dubai, Emphasised The Uae’s Role As a Global Trade Hub, Saying, “In a World of Economic and Trade Challens, The UAE you TRIORITEDISEDIED, AND TRIORITEDISEDIED, AND TRIORITEDISEDIED, AND TRIORITEDISEDIED, AND TRIORITED, AND TRIEDEDIZED AND TRIORISEDIEDEDED AND PEOPLE, ESTABLISHING ITIFF as a vital link between the East and West and a global economic center.
HH Sheikh Mohammed Bin Rashid Al Maktoum highlighted the key achievements of the WTO report:
• Foreign trade reached Aed5.23 billion in 2024, with a commercial surplus of AED492.3 billion, positioning the EAU as the engine of international trade.
• The EAU occupied the 11th place worldwide in merchandise exports and 13 in services exports.
• Services exports totaled AED646.6 billion, including AED191 billion in digital services, which comprise 30 percent of services exports.
• Merchandise exports amounted to AED2.22 billion in 2024.
• The EAU contributed with 41.4 percent of exports of merchandise in the Middle East, solidifying their role as the main shopping center in the region.
HH Sheikh Mohammed Bin Rashid Al Maktoum concluded: “Under the president’s leadership, we will maintain and improve thesis achievements. Our commitment to openness, trade liberalization and global connectivity will guarantee continuous growth and leadership.”
The exceptional performance of the EAU, as detailed in the WTO report, demonstrates its economic resistance in world commercial uncertainties. Integral foreign trade (goods and services) grew by 49 percent from 2021, reaching AED5.23 billion (US $ 1,424 billion) in 2024.
Dr. Thani Bin Ahmed Al Zeyouudi, Minister or State Foreign Trade, affirmed, “promoted by visionary leadership and a commitment to economic openness, innovation and global integration, the EAU have solidified the 11th center. A global shopping center. A global shopping center. Aed646.6 billion, including AED191 billion in digital services
To Zeyoudi added: “These achievements express national efforts, flexible policies and strong international associations. Eau will continue to improve their global role in facilitating trade, expanding collaborations and integrating with global value chains.”
The EAU achieved a commercial balance surplus of AED492.3 billion (US $ 134 billion) in 2024, slightly below 573.1 billion in 2023, reflecting global challenges. Exports totaled AED2,8619 billion, against imports of AED2,3696 billion, from statistics 2021-2024.
The United Arab Emirates rose from 17 to 11 to the world in merchandise exports and from 18 to 14 in imports between 2021 and 2024, contributing with 2.5 percent to global exports of goods and 2.2 percent to imports. Exports reached US $ 603 billion (AED2.2153 billion), and imports total US $ 539 billion (AED 1,9802 billion) in 2024.
The EAU occupied the 21st position worldwide in exports of digital services, valued at US $ 52 billion (AED191 billion) in 2024, compared to US $ 37 billion in 2021 and US $ 48 billion in 2023. Total trade of digital services reached $ Rion a traffic of service services. Imports of digital services, at US $ 42 billion (AED154 billion), also occupied the 21st position, contributing with 1.1 percent to global imports, reinforcing the role of EAU as a technology center.
The Services trade totaled the AED 1,036 billion (US $ 282 billion) in 2024, with exports of AED646.6 billion (62.4 percent) and imports of AED389.4 billion. Information services grew by 14 percent, tourism in 13 percent, computer services in 12 percent, financial services in 9 percent and transportation, intellectual property and insurance services in 8 percent each, contributing with 26.4 percent to the global trade, the greatest participation.
The EAU represented 41,4 percent of the exports of goods of US $ 1.5 billion of US $ 1.5 from the Middle East, with regional exports that grew by 3.7 percent and services at 4.1 percent in 2024. worldwide, the EAU contributed 2 percent to exports of services and US $ $ $ … (AED646.6 billion) and importation of US $ 106 billion (AED389.4 billion).
The EAU advanced from 17 to 13 in services exports and from 19 to 21 in imports of services between 2021 and 2024, with services that comprise 20 percent of total trade.
In 2024, the merchandise sectors grew, with 10 percent office and telecommunications equipment, 6 percent electronics and agricultural products, food and clothing at 3 percent each. Industrial goods increased 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 motorobiles by 1 percent. Global exports of goods grew by 2 percent, reaching US $ 24.43 billion.
The achievements of the EAU reflect their innovation and diversification strategy, positioning it to navigate a planned 0.2 percent decrease in the global merchandise trade in 2025. Contributing to regional GDP growth of 1.6 percent in 2024, with 3.2 percent projections in 2025 and 3.5 percent in 2026, the UAA remains resilient. Its economic policies, strategic location and advanced infrastructure solidify its role as a global shopping center.
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