UAE Non-Oil Foreign Trade hits all-time high of Dh1.239 trillion

Dubai Web Desk

Updated on:

The United Arab Emirates’ (UAE) non-oil foreign trade has set a new half-year record, hitting Dh1.239 trillion in six months of 2023.

In a post on X, formerly Twitter, on Wednesday, the Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said that in a new economic achievement for the UAE, our non-oil foreign trade set a new record by reaching Dh1.239 trillion in just six months this year.

Sheikh Mohammed said that our non-oil exports also continued to grow significantly, exceeding in six months what we achieved in a full year just five years ago.UAE Non-Oil Foreign Trade hits all-time high of Dh1.239 trillion

Sheikh Mohammed said that the UAE’s non-oil exports with the 10 most important global trading partners increased by 22% this year, and intra-trade with Turkey increased, for example. 87% in just one year which indicates the validity of our balanced, active and positive foreign.

“Our non-oil foreign trade will exceed 2.5 trillion this year, God willing. We will achieve the goal we announced of reaching 4 trillion dirhams in 2031,” he said.

Hish Highness said that as we said previously, the year 2023 will be the best economic year in the history of our country. “The Country will remain a major player in international trade, consolidating its position as one of the most important global centers linking the east of the world to its west and its north to its south. And what is coming will be better and greater, God willing,” he said.