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H1 Non-Oil Foreign Trade Exceeds AED1 Trillion for First Time in UAE

  • Publish date: Monday، 22 August 2022 Last update: since 4 days
H1 Non-Oil Foreign Trade Exceeds AED1 Trillion for First Time in UAE

The UAE’s non-oil trade achieved a breakthrough during the first half of 2022, as it exceeded AED1 trillion, recording a growth rate of 17 percent over the last half of the year 2021.

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His Highness Sheikh Mohammed said, "For the first time in the history of the UAE, the non-oil foreign trade exceeds AED1 trillion in just half a year... We reached one trillion and 58 billion dirhams, recording an increase of 17 percent over the previous half year once again, the UAE has proven to the world the recovery of international trade after the most difficult pandemic that humanity has gone through."

The UAE’s non-oil foreign trade recorded a new achievement in the first half of this year, amounting to AED1.053 trillion, for the first time in its history. This number reflects a growth rate of 17 percent compared to the first half of 2021, and an increase of 25 percent and 35 percent compared to the same period in the years of 2020 and 2019 respectively.

These results reveal that national exports have achieved great growth and remarkable activity, which increased its contribution to the country’s non-oil trade.

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