UAE’s non-oil foreign trade exceeds AED1 trillion in first half of 2022

The UAE’s non-oil foreign trade exceeded AED1 trillion (c. USD272.25 billion) for the first time in first half of 2022. It was an important milestone for the UAE government, which has a special focus on economic diversification, employment and expansion.

The total of AED1.053 trillion reflected a growth rate of 17% compared to the first half of 2021, and an increase of 25% and 35% compared to the same period in 2020 and 2019 respectively.

During the first half of 2022, the UAE’s non-oil exports reached about AED180 billion, a growth rate of 8% compared to the same period in 2021 and an increase of 53% over the first half of 2020. It nearly doubled compared to the same period in 2017.

In respect of re-exports, the UAE also approached the AED300 billion mark for the first time in the first half of 2022; an increase of 20% and 51% over the same periods in 2021 and 2020 respectively. At the same time, the UAE’s imports reached a record of almost AED580 billion during the first half of 2022, an increase of 19% and 49% over the same periods in 2021 and 2020.

The contribution of imports from the UAE’s non-oil trade decreased to 55%, while the share of non-oil exports grew to 17% and the share of re-exports reached 28%.

UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi said the forward-looking plans and various initiatives undertaken by the UAE to develop and diversify its exports had a significant impact in achieving this record growth in trade performance in just six months.

Sovereign Dubai office

Contact Sovereign Dubai
Get in Touch

Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.