Abu Dhabi: The UAE’s non-oil trade has significantly outpaced the global average, registering a remarkable 18.6% growth in the first quarter of this year, reaching AED 835 billion. In comparison, the global average growth rate stands at just 2–3%.
Non-oil exports alone surged by 41%, while the country’s foreign trade volume has crossed AED 4 trillion over the past two years. The GDP for 2024 grew by 4%, reaching AED 1.77 trillion.
The UAE, which had set a target of AED 4 trillion in non-oil foreign trade by 2031, is now expected to achieve this within the next two years, well ahead of schedule.
Re-exports increased by 6%, reaching AED 189.1 billion, while imports rose by 17.2%, totaling AED 468.6 billion. Trade with India grew by an impressive 31%.
