UAE’s non-oil trade volume to see 12.9 per cent growth in 2021

UAE’s non-oil trade volume to see 12.9 per cent growth in 2021

The non-oil trade of the country showed strong resilience in the face of economic obstacles.



The UAE non-oil trade volume could grow by up to 12.9% year-over-year in 2021, supported by an expected uptick in maritime transport activity and other positive global economic trends, according to new analysis from Dubai Chamber of Commerce and Industry (DCCI).

The analysis based on recent data from the IMF, the UAE's Federal Customs Authority and UNCTAD, projected 4.8% growth in global maritime transport and trade this year, depending on developments in fighting COVID-19 and progress in vaccinating populations around the world.

Government policies and stimulus efforts, easing of lockdowns in key markets, the opening of global markets and China's resumption of commercial activity were also outlined as key factors that could positively impact the UAE's trade performance in the second half of 2020.

Recovery on the horizon: The UAE non-oil trade showed strong