Emirates News Agency – UAE’s non-oil foreign trade registers 27% growth in 2021 to total nearly AED 1.9 trillion


ABU DHABI, 27th February, 2022 (WAM) — The total value of the UAE’s non-oil foreign trade in 2021 stood at almost AED 1.9 trillion, reflecting a growth of 27% compared to 2020 and 11% compared to 2019, as growth has been consistent across all areas of trade, including exports, imports and re-exports.

The individual non-oil foreign trade figures of all the emirates in the country have also seen growth at varying levels, testifying to the overall growth achieved by the UAE’s global trade.

The value of non-oil domestic exports stood at around AED354 billion, setting a new record, surpassing AED300 billion for the first time in its history, representing a growth of 33.3% compared to 2020 and 47.3% compared to 2019.

Abdulla Bin Touq Al Marri, Minister of Economy, affirmed that the performance of the country’s non-oil foreign trade proves once again that the UAE, with the support and guidance of its wise leaders, is among the centers fastest growing commercial and trade routes at the regional level, and the main global trade routes. He added that the country’s overall trade growth is the result of the forward-looking vision of the UAE’s wise leadership and proactive government policies aimed at enhancing the country’s commercial attractiveness and diversifying and expanding its trade partnerships with global markets.

He added: “The UAE’s foreign trade has far passed the stage of recovery from the global COVID-19 fallout and has entered an advanced stage of growth and prosperity, as it has experienced a growth of more than 11% compared to the pre-pandemic period The overall positive results seen in import, export and re-export activities in all the emirates indicate a systematic and integrated growth fueled by trade policies flexible and very effective and the foundations of sustainable development.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, noted that the non-oil foreign trade data recorded in 2021 is a new milestone for this vital sector, which is a major driver of growth in the economy. and one of the key pillars supporting the UAE’s position in the trade and economic landscapes, both regionally and globally.

He added, “Thanks to the support of wise leaders, the past two years have witnessed good growth rates of business activities, which are now taking a more positive trend, reflecting the growing growth of the country’s foreign trade movement. in general and the promotion of national non-oil exports in particular, which continues to grow at high rates compared to 2019 and 2020.”

He added: “These results are driven by the launch of the 50 projects and the continued efforts to strengthen the position of the United Arab Emirates on the international trade map and ensure an attractive and dynamic business environment, open to the world and linked to a strong and diverse network of global supply chains. These efforts have laid a solid foundation to support the growth of the country’s foreign trade in the coming years. There is no doubt that these results will further boost confidence among owners. of UAE-based companies and those working in the economic and trade fields in , as well as business partners from around the world, in the importance of the UAE as a capital of commerce.They also highlight the capabilities of the United Arab Emirates and the opportunities it offers to ensure the prosperity of commercial activities and businesses. is.

Trade figures for 2021 showed the total value of re-exports amounted to AED521.3 billion, a growth of 27.7% from 2020 and 1.6% from 2019. , the country’s total import value in 2021 was around AED. 1 trillion, a growth of 23.8% compared to 2020 and around 7% compared to 2019.

China ranked first among the country’s top trading partners in 2021, accounting for 11.7% of the UAE’s total foreign trade with the world, and the value of non-oil trade between the two countries grew. amounted to AED212 billion, a growth of 27%. as of 2020 and 19.8% as of 2019. India ranked second, accounting for 8.7% of the country’s total non-oil trade, with a value of AED164.4 billion, followed by Saudi Arabia in third position with a contribution of 6.6% and a value of 125. billion dollars in 2021, achieving a growth of 20% compared to 2020 and 10.1% compared to 2019. States The United States of America came in fourth, with its trade with the United Arab Emirates increasing by 8.1% compared to 2020, while Iraq ranked fifth.

When it comes to the country’s export destinations, India emerged as the top destination, accounting for 13.8% of the country’s total exports and receiving AED50 billion in exports from the UAE, a growth of 150% compared to 2020 and around 100% compared to 2019. Saudi Arabia became the second largest recipient of UAE exports, contributing 10.7%. It received AED38 billion from the country’s exports, achieving a growth of 48% from 2020 and 22.4% from 2019.


Comments are closed.