UAE: The United Arab Emirates achieved a historic trade milestone in 2024, with its total foreign trade reaching a record Dh5.23 trillion, as announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum. This achievement reflects the strength of the UAE’s economic foundation and its expanding influence on the global stage. A trade surplus of over Dh490 billion was recorded, supported by Dh2.2 trillion worth of exported goods. This marks a 6% growth compared to the previous year, underscoring the nation’s consistency in enhancing its trade performance.
Services exports also played a key role in driving this growth, totaling Dh650 billion, including Dh191 billion in digital services. These figures point to the UAE’s strategic focus on diversifying its economic base and embracing innovation-led sectors. The significant rise in digital service exports highlights the country’s commitment to becoming a leader in the digital economy and reinforces its investment in technology and future-ready industries.
The UAE now contributes 41% of the Middle East’s total merchandise exports, a figure that affirms its position as the region’s foremost trading hub. With advanced logistics infrastructure, strategic location, and efficient trade processes, the UAE has become an essential link connecting global markets across continents. This growing share also reflects the country’s ability to maintain a competitive edge and adapt quickly to evolving global trade dynamics.
Sheikh Mohammed emphasized that openness to the world and a commitment to global partnerships are the pillars of the UAE’s trade vision. Describing the country as a vital bridge between East and West, he underlined the leadership’s dedication to trade liberalization, economic diplomacy, and innovation. These efforts continue to shape the UAE as a modern economic powerhouse, with strong prospects for future growth and deeper integration into the global trading system.
