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UAE Achieves Record Non-Oil Foreign Trade of $338 Billion in First Half

UAE Achieves Record Non-Oil Foreign Trade of $338 Billion in First Half

The UAE's non-oil foreign trade reached an unprecedented value of AED 1.24 trillion ($337.6 billion) in the first half of 2023, marking a 14.4% year-on-year increase. This surge was driven by a remarkable 22% growth in non-oil exports with the country's top 10 trading partners during the same period. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, expressed confidence that the UAE's non-oil foreign trade would surpass AED 2.5 trillion this year and achieve the target of AED 4 trillion by 2031.