UAE trade with Azerbaijan increases 3-fold in 5 years – Gulf Today

UAE trade with Azerbaijan increases 3-fold in 5 years – Gulf Today

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Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE-Azerbaijan economic and trade relations are witnessing steady development, noting that the value of their non-oil trade increased by over three times during the past five years.

In a statement to the Emirates News Agency (WAM), Al Zeyoudi stated that the non-oil trade between the two countries totalled more than Dhs10.2 billion over the past five years, rising 270 percent from Dhs974.2 million in 2018 to Dhs3.6 billion in 2022, an increase of 46 per cent compared to 2021.

He added that the trade between the two countries in 2022 was distributed between Dhs32.6 million in imports, Dhs351.9 million in exports, and Dhs3.5 billion in re-exports.

“The significant rise in the foreign trade exchange comes in light of the increase in investments, cooperation and exchanging experiences,” Al