Doubling the incoming investments to the state to one trillion dirhams within 9 years

The UAE's non-oil foreign trade exceeded 16 trillion dirhams in 10 years

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Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, said that the value of the UAE's non-oil foreign trade during the past 10 years exceeded 16.14 trillion dirhams, with an average annual growth of 4.2%.

In an interview with the Emirates News Agency, Al-Zeyoudi confirmed: "We started in the direction of growth at pre-pandemic rates (Covid 19), and we have come a long way during the year 2021, and we have surpassed the recovery."

He continued, "We are working according to our leadership's plans to double our national exports and foreign trade, and double the economy," noting that the trade, investment and economic numbers are growing significantly.

Double the investment

Al-Zeyoudi explained that work is currently underway to double the investments incoming to the country to about one trillion dirhams within nine years, an increase of 550 billion dirhams, pointing out that there are many initiatives that are being implemented to enhance exports, work directly with businessmen, and continue to transfer data to provide seamless access to data. The local market, and the development of special strategies for the service sector, in addition to attracting skills and talents to enhance local efforts and achieve integration of expertise.

foreign trade

Al Zeyoudi reviewed the data of the non-oil foreign trade report during the period from (2012 - 2021), explaining that the total UAE non-oil exports exceeded 2.154 trillion dirhams, with an average annual growth of 12%, while the value of re-exports approached 4.5 trillion dirhams, with an average annual growth It reached 4.9%.

The value of the country's total imports during the same period amounted to more than 9.5 trillion dirhams, with an average annual growth of 2.5 percent.

The contribution of the UAE's non-oil exports to the country's foreign trade volume increased from 12% in 2012 to 19% in 2021, with an average growth in non-oil exports that reached three times the average growth in the UAE's total non-oil trade.

business partners

According to non-oil foreign trade data, 10 countries accounted for 49.2% of the country's trade exchange over 10 years, with a value that exceeded 7.951 trillion dirhams, while the rest of the countries accounted for 50.8%, with a value of 8.195 trillion dirhams.

China ranked first in the list of trading partners, accounting for 10.7% of the total non-oil foreign trade of the UAE during the past 10 years, amounting to more than 1.719 trillion dirhams, followed by India with 8.7%, with a value of 1.404 trillion dirhams, and the United States by 6.1%, with a value of 984.6 billion dirhams, followed by Saudi Arabia by 5.6%, with a value of 904.3 billion dirhams.

In the fifth place on this list, Switzerland came with 3.3%, with a value of 530.6 billion dirhams, Iran by 3.3%, with a value of 526.2 billion dirhams, Japan by 3.2%, with a value of 519.7 billion dirhams, Iraq by 3%, with a value of 490 billion dirhams, and Germany by 3%, with a value of 477.6 billion dirhams, and the United Kingdom by 2.4%, with a value of 394.4 billion dirhams.

export countries

Ten countries accounted for 57.1% of the total UAE exports within 10 years, with a value of 1.229 trillion dirhams, while the share of the rest of the countries amounted to 42.9%, with a value of 924.4 billion dirhams.

India came at the forefront of the UAE's non-oil exports during 10 years, with a value of more than 254 billion dirhams, and a contribution of 11.8% of the total exports.

Saudi Arabia ranked second with a value of 205.5 billion dirhams and a contribution of 9.5%, followed by Switzerland with a value of nearly 193 billion dirhams and a contribution of 9%, then Oman with a value exceeding 120 billion dirhams and a contribution of 5.6%, and Turkey in fifth place with a value exceeding 117 billion dirhams and a contribution of 5.4 %.

Re-export

10 countries accounted for 54.8 percent of the total re-exports from the UAE during the past ten years, achieving a value of 2,454.8 trillion dirhams, while the share of the rest of the countries amounted to 45.2%, with a value of 2.027 trillion dirhams.

Saudi Arabia topped the list of the most important recipients of re-exports, with a value close to 472 billion dirhams, with a contribution of 10.5% of the total re-exports during that period. and India with a value of approximately 328 billion dirhams, with a contribution of 7.3%.

import countries

The goods of 10 countries accounted for 56.3% of the country's total non-oil imports during the past ten years, amounting to more than 5.355 trillion dirhams, while the share of the rest of the countries amounted to 43.7%, with a value of more than 4.154 trillion dirhams.

China topped the most important supplier of the UAE market and the source of its imports, with a value exceeding 1.5 trillion dirhams, accounting for 16.1% of the total imports, followed by India, with a value exceeding 822 billion dirhams, accounting for 8.6% of the total imports, then the United States, with a value close to 801 billion dirhams, or 8.4%, and Japan With a value close to 475 billion dirhams, or 5%, and Germany, with a value exceeding 427 billion dirhams, or 4.5%.

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