UAE non-oil foreign trade hits all-time high of AED1.239 trillion in H1 2023

UAE non-oil foreign trade hits all-time high of AED1.239 trillion in H1 2023

DUBAI, 30th August, 2023 (WAM) -- The UAE’s non-oil foreign trade reached a record AED1.239 trillion in H1 2023, representing a growth of 14.4 percent compared to the same period in 2022 – and 3 percent more than H2 2022.

The figures, just released by the Ministry of Economy, underline the continued upward trajectory of the nation’s foreign trade, which has achieved quarter-on-quarter growth since 2020.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, stated that the UAE has recorded a new remarkable economic achievement, with non-oil foreign trade recording exceptional growth rates by exceeding AED 1.239 trillion in the first half of 2023.

“The UAE’s non-oil export continues to set unprecedented records as it rose 22 percent with the top 10 global trading partners in 2023. The bilateral trade with Türkiye recorded one of the highest growth rates in the first half of 2023, with 87.4 percent growth compared to the same period in 2022.”

His Highness added that the remarkable achievements of the UAE represents a success in the balanced trading policy under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.

His Highness said. “The UAE will remain a major player