UAE’s non-oil trade hits Dh1.9t in 2021 as economy recovers

UAE’s non-oil trade hits Dh1.9t in 2021 as economy recovers

Non-oil exports set a new record of Dh354 billion, with a growth of 33% from 2020 and more than 47% from 2019

Trade data for 2021 showed that the total value of re-exports reached at Dh521.3 billion, reflecting a year-on-year growth of 27.7 per cent last year and 1.6 per cent when compared to 2019. — File photo

Published: Sun 27 Feb 2022, 7:42 PM

The UAE’s non-oil foreign trade recorded a 27 per cent year-on-year jump to Dh1.9 trillion last year as the economy gradually recovered from the Covid-19 pandemic aftershocks and opening of international borders following successful vaccination drive, experts say.

Latest official data indicated that non-oil trade rose 11 per cent last year when compared to same period in 2019 as the growth was consistent across all areas of trade including exports, imports and re-exports. All seven emirates of the UAE also witnessed a significant rise in trade, reflecting a comprehensive growth achieved by the UAE’s global trade last year.

“The value of non-oil exports climbed to Dh354 billion, setting a new record, exceeding Dh300 billion for the first time in its history, achieving a growth of 33.3 per cent compared to that of 2020 and 47.3 per cent compared to that