The UAE's non-oil foreign trade is approaching 1.9 trillion dirhams in 2021

The total value of the non-oil foreign trade of the United Arab Emirates in 2021 amounted to nearly 1.9 trillion dirhams, achieving a growth of 27% compared to 2020, and by 11% compared to 2019. The growth included all components of trade, including export, import and re-export.

The figures of non-oil foreign trade at the local level for all emirates of the country witnessed an increase in varying proportions, which reflects the comprehensive growth achieved by the country's trade.

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

Abdullah bin Touq Al Marri, Minister of Economy, affirmed that the performance of the UAE’s non-oil foreign trade proves once again that the UAE, thanks to the support and directives of its wise leadership, is the most vital and active center for trade and business in the region and among the most important vital trade axes and corridors on the global trade map He said that the comprehensive growth achieved by the country's trade in all its components is the result of the forward-looking vision of the rational leadership in the country and the proactive government policies to enhance the country's commercial attractiveness and diversify and expand its trade partnerships with global markets.

And he added, "The UAE's foreign trade has by far passed the stage of recovery from the repercussions of the Covid-19 pandemic on global trade, and today it has entered an advanced stage of growth and prosperity, with more than 11% growth compared to the pre-pandemic stage, and the comprehensiveness of the positive results of import and export activities. Re-exporting in all emirates of the country reflects a systematic and integrated growth based on flexible and highly efficient trade policies and sustainable development components.

For his part, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stressed that the non-oil foreign trade data that was recorded for the year 2021 represents a real achievement and a new honorable station for this vital sector, which is a major driver of the growth of the national economy and is one of the pillars of the prestigious reputation that the UAE enjoys. On the map of economy and trade regionally and globally.

He added: "Thanks to the support of the wise leadership, the past two years have witnessed good growth rates in trade activities, which are taking a more positive trend today, reflecting the increasing growth in the country's foreign trade movement in general and in promoting national non-oil exports in particular, which is still continuing its developmental leaps." Today, it will set a record and high growth rates compared to 2020 and 2019.”

He stressed that these results come in light of the launch of the fifty projects and the continuous efforts that the state implements to improve its position on the map of international trade and to ensure an attractive, active and open commercial environment that is linked to a diverse and strong network of global supply chains, which provides solid foundations for the sustainability of data. The growth of the country’s foreign trade over the coming years.. Undoubtedly, these results will enhance confidence among business owners and economic and commercial activities in the country, as well as trading partners from different countries of the world, in the importance of the UAE as a capital of trade and highlight the capabilities and opportunities that the country possesses to engage in activities and businesses commercial".

Trade data for 2021 showed that the total value of re-exports amounted to 521.3 billion dirhams, achieving a growth of 27.7% compared to 2020 and 1.6 percent compared to 2019. While the total value of the country's imports during 2021 amounted to about one trillion dirhams, a growth of 23.8% over 2020, and about 7% from 2019.

China ranked first as the country's largest trading partner in 2021, accounting for 11.7% of the UAE's total foreign trade with the world, and the value of non-oil trade exchange between the two countries amounted to 212 billion dirhams, a growth of 27% from 2020 and 19.8% from 2019. In India ranked second, which accounts for 8.7% of the country's total non-oil trade, with a value of 164.4 billion dirhams, then Saudi Arabia third with a contribution of 6.6% and a value of 125 billion dirhams during 2021, achieving a growth of 20% compared to 2020 and 10.1% compared to 2019 And in fourth place is the United States of America, with which trade exchange has grown by 8.1% compared to 2020. Iraq came in fifth place.

With regard to the country's export destinations, India came as the first destination, accounting for 13.8% of the country's total exports, and received 50 billion dirhams of UAE exports, a growth of 150% from 2020 and about 100% from 2019. Saudi Arabia came as the second largest future UAE exports contributed 10.7%, and received 38 billion dirhams of the country’s exports, achieving a growth of 48% compared to 2020 and 22.4% compared to 2019.

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