UAE's Non-Oil Foreign Trade Surges to Dhs1.4tn in H1 2024
Sunday, 25 August 2024, 23:25
UAE's Record-Breaking Non-Oil Trade Performance
The UAE's non-oil foreign trade has never been stronger, soaring to Dhs1.4 trillion in the first half of 2024. This striking figure represents a remarkable turnaround fueled by a notable 28.7% increase in non-oil exports to the country's top ten trade partners, showcasing the nation's economic prowess.
Export Growth Highlights
- 28.7% increase in non-oil exports to top 10 trade partners
- 12.6% boost in trade with all other countries
- Burgeoning demand for UAE's goods globally
Implications for the Global Marketplace
This expansion signifies a pivotal shift in the UAE’s role within the global economy, indicating increased competitiveness and strengthened ties with international markets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.