UAE’s non-oil foreign trade records 27% growth in 2021 totalling nearly AED 1.9 trillion

UAE’s non-oil foreign trade records 27% growth in 2021 totalling nearly AED 1.9 trillion

WAM: The total value of the UAE’s non-oil foreign trade in 2021 amounted to nearly AED 1.9 trillion, reflecting a 27 percent growth compared to 2020, and by 11 percent compared to 2019, as the growth was consistent across all areas of trade, including exports, imports and re-exports.

The individual non-oil foreign trade figures of all emirates of the country also witnessed growth in varying levels, evidencing the comprehensive growth achieved by the UAE’s global trade.

The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history, a growth of 33.3 percent as compared to 2020 and 47.3 percent as compared to 2019.

Abdulla Bin Touq Al Marri, Minister of Economy, affirmed that the country’s non-oil foreign trade performance once again proves that the UAE, thanks to the support and directives of its wise leadership, is among the most vibrant trade and business hubs regionally, and the leading trade routes globally. He added that the comprehensive growth in the country’s trade is a result of the forward-looking vision of the UAE’s wise leadership and proactive government policies to enhance the country’s commercial attractiveness and diversify and expand its trade partnerships with global markets.