UAE foreign trade saw a huge jump in 2024. The total volume hit Dh5.23 trillion. This shows a sharp 49% rise compared to 2021’s Dh3.5 trillion.
The announcement came from Sheikh Mohammed bin Rashid Al Maktoum. He is the Vice-President and Prime Minister of the UAE and Ruler of Dubai. He shared the update through a public post.
Importantly, the UAE posted a trade surplus of Dh490 billion. This means it exported more than it imported. That’s a strong signal of economic health.
This success reflects smart planning. The UAE signed major trade deals with many countries in recent years. These deals helped increase both exports and imports.
Also, UAE foreign trade benefits from strong logistics systems. Ports like Jebel Ali and airports in Dubai are among the world’s best. They help goods move quickly and smoothly across borders.
Notably, the country’s leaders have focused on making trade easier. Rules are clear. Technology is used in customs. As a result, trade is faster and more efficient.
Moreover, the UAE remains a gateway between Asia, Europe, and Africa. This gives the country a key place in world trade. Its location supports its growing role in the global economy.
According to the World Trade Organisation, the UAE now plays a big role in international trade. Its high trade volume proves that businesses see the UAE as a trusted partner.
Above all, as foreign investments grow, more companies are using the UAE as a regional hub. The increase in trade shows that the country is attracting trust and confidence worldwide.
In conclusion, UAE foreign trade reached new heights in 2024. With Dh5.23 trillion in total trade and strong policies, the country stands out as a top trading nation.
