UAE non-oil foreign trade totals AED 2.233trln in 2022 setting new growth record

UAE non-oil foreign trade totals AED 2.233trln in 2022 setting new growth record

- H.E. Bin Touq: The UAE's non-oil trade growth is a reflection of our wise leadership’s forward-looking vision & its approach to openness and expansion of global partnerships

- H.E. Al Zeyoudi: The record levels of foreign trade in 2022 will support our efforts to further expand the country's network of strategic trading partners

Abu Dhabi: The UAE’s non-oil foreign trade continues to set unprecedented records as it crossed the AED 2 trillion mark for the first time in history and totaled AED 2.233 trillion in 2022, with a 17 per cent growth from that of 2021.

The UAE’s non-oil trade performance shifted to a trajectory of unprecedented growth since its recovery from the pandemic’s impact, which had adversely affected global trade flows. After dropping to AED 1.496 trillion in 2020 with a 12 per cent decline, the country’s non-oil trade jumped 28 per cent in 2021 to touch AED 1.911 trillion, and the rapid growth continued through the year 2022 as well.

According to the latest non-oil foreign trade report issued by the Ministry of Economy, the unprecedented growth figures for the year 2022 are supported by a record growth in non-oil exports. The results underline the success of the national economic diversification