The UAE’s foreign trade surged to a record Dh 5.23 trillion in 2024, marking a significant rebound amid global economic headwinds. The result reflects the federation’s continued commitment to open markets, strategic infrastructure investments and trade‑friendly policies.
Goods Exports Drive Momentum
Merchandise exports rose to Dh 2.2 trillion last year, up 6 percent over 2023’s total. Key sectors contributing to this growth included petroleum products, aluminum, and petrochemicals, underscoring the UAE’s role as a leading regional supplier.
Services Sector Posts Strong Gains
Service exports reached Dh 650 billion, propelled by a boom in digital offerings. Exports of digital services alone amounted to Dh 191 billion, accounting for 30 percent of the services tally. Logistics, tourism and financial services also recorded notable expansions.
Regional Hub for Trade and Investment
According to World Trade Organization data, the UAE now represents 41 percent of the Middle East’s total merchandise exports, more than any other country in the region. This cements its position as the principal gateway for goods moving between East and West.
Leadership’s Vision of Openness
Announcing the figures on his official X account, Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum emphasized the strategic choice of openness:
“In a world facing major economic and commercial challenges, the UAE chose, from the very beginning, a path of openness—building bridges, and enabling the free movement of trade, capital and people.”
He added,
“Today, the UAE stands out as a vital bridge between East and West, and a dynamic global economic hub. By the grace of Allah, this journey of progress will continue.”
Outlook
With trade volumes and surpluses at historic highs, the UAE is poised to deepen its global commercial ties in 2025. Planned expansions in logistics infrastructure, digital trade platforms and free‑zone capacities are expected to sustain growth and attract further foreign direct investment.
