UAE Among Top 20 in Foreign Trade Index

UAE Among Top 20 in Foreign Trade Index

Various global competitiveness reports highlighted several positive indicators underscoring the ongoing momentum of the country's trade with the rest of the world in 2020, despite the global slowdown resulting from the lockdowns associated with pandemic.

The UAE has been ranked among the 20 leading countries in 16 global competitiveness indexes related to foreign trade in 2020. The UAE's competitiveness analysis based on the global indexes highlighted the fact that its achievements were results of a range of factors, including economic planning based on a strategic vision that encourages competitiveness, which enabled the UAE to attain an advanced regional and global status in merchandise trade, as documented by the Ministry of Economy's reports. The UAE is ranked third in the world and first in the Arab region in terms of re-exports, in addition to being a top 20 country in terms of both exports and imports. Various global competitiveness reports highlighted several positive indicators underscoring the ongoing momentum of the country's trade with the