The country exchanges trade with 239 global markets
UAE foreign trade rises 26.5% to 1.28 trillion dirhams in 9 months
The state's foreign trade rose from 1.14 billion dirhams in 1971 to exceed 1.4 trillion dirhams in 2020.
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The Federal Competitiveness and Statistics Center launched a mural in the form of a huge map showing the development of the UAE's non-oil foreign trade over the 50 years of the union, and the great growth achieved by foreign trade through successive leaps over half a century.
The mural documents foreign trade data, based on the data archive of the Federal Competitiveness and Statistics Center, and sheds light on the volume of UAE trade with the countries of the world, and the most important commodities exchanged with them.
Trade growth
The mural shows the increase in the country's foreign trade from 1.14 billion dirhams in 1971 to exceed 1.4 trillion dirhams in 2020.
Despite the repercussions of "Covid-19", which cast a shadow on international trade and the economies of the world, the UAE's foreign trade exceeded the barrier of 1.28 trillion dirhams during the first nine months of this year, with a growth of 26.5% compared to the previous period of the year 2020. Which represents a leap in growth compared to the rest of the countries in the region and the world.
growth lever
Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, said: "Foreign trade is a major lever for the growth of the national economy, and the growth and development of the UAE's foreign trade during the fifty-year march reflects the leadership's vision and directives' interest in giving the economy and trade great importance, and what the country has achieved The UAE occupies a prominent position on the world trade map, as the country exchanges trade with 239 global markets.
Al Zeyoudi stressed that the continuous development witnessed by the country's foreign trade reflects the directions recently announced by the UAE government, to contribute to achieving new leaps in the country's commercial performance during the next stage.
He added: “Innovative initiatives and flexible government strategies play an important role in enhancing the performance of the country’s foreign trade, such as the 10×10 Export Development Program, expanding comprehensive economic agreements with a number of targeted global markets, and continuously opening new commercial markets to the country’s commercial activities. The country’s non-oil foreign trade will continue its positive performance over the next 50 years.”
developmental approach
In turn, the Acting Director of the Federal Competitiveness and Statistics Center, Hanan Mansour Ahli, said that the unprecedented growth achieved by the UAE in all vital sectors during the fifty years of the country's life is the best evidence of the leadership's insightful vision and the sustainable development approach that the state has planned for itself since The beginnings of the union’s life. During a short period of the nation’s life, the UAE was able to double the volume of its non-oil foreign trade with the world more than 1,400 times during the 50 years, and secured a place for itself on the map of major global players in the field of foreign trade.
world leader
Ahli indicated that the UAE topped the world in many indicators related to trade, as it ranked first in the world in the indicator of growth of exports of commercial services, and the indicator of trade balance (percentage of GDP), according to the report of the Global Competitiveness Yearbook 2021, issued by The International Institute for Management Development (IMD), as well as being a regional leader in many global competitiveness indicators related to trade.
Ahli affirmed that the mural on the growth of foreign trade over 50 years, which was erected by the Federal Center for Competitiveness and Statistics, reflects our absolute belief in the importance of documented data over 50 years in highlighting the sustainable development witnessed by the country in all vital sectors, including the foreign trade sector.
Interactive digital map
The Federal Center for Competitiveness and Statistics has launched an interactive digital map of the non-oil global trade data for the UAE, through which the non-oil foreign trade data is reviewed, and the details of total trade, imports, exports and re-exports during time periods that can be determined by the map user.
The data can also be specified by country or group of countries, and the volume of trade is reviewed in UAE dirhams or US dollars, to make it easier for those interested in trade figures and researchers to obtain the latest and most accurate data on the UAE's non-oil trade with the world.
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