UAE Non-Oil Foreign Trade Reaches AED1.395 Trillion Under Leadership of His Highness Sheikh Mohammed bin Rashid

Record Growth in UAE Non-Oil Foreign Trade

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed that the UAE under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan continues to achieve unprecedented milestones in its non-oil foreign trade. Recently, he remarked, "Today, our non-oil exports have reached AED1.395 trillion for H1 2024, reflecting a remarkable growth of 11.2% annually."

Strategic Trade Partners and Export Growth

In detail, UAE's exports to various key trading partners saw significant increases, with trade growing by 10% with India, 15% with Türkiye, and an astounding 41% with Iraq. This positions Iraq as the top export destination for the UAE, followed closely by India and Türkiye.

• Non-oil exports to top 10 trade partners grew by 28.7%.
• Major exports included gold, jewellery, and aluminium, registering a growth of 36.8%.

Re-exports and Import Dynamics

Re-exports reached AED345.1 billion, reflecting a 2.7% growth over 2023. The top re-exported goods were telephones and diamonds, with significant growth driven by enhanced trade with countries like Saudi Arabia, Iraq, and Kazakhstan.

His Highness concluded that "the steadfast support of President Sheikh Mohamed bin Zayed and the combined efforts of the public and private sectors have positioned the UAE as a powerhouse in foreign trade."