UAE non-oil foreign trade hikes by AED 1.239 trillion in H1 2023
The UAE’s non-oil foreign trade reached AED1.239 trillion in H1 2023, indicating a growth of 14.4 per cent. His Royal Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said the UAE has recorded a new remarkable economic achievement, with non-oil foreign trade recording growth rates by exceeding AED 1.239 trillion in the first half of 2023.The figures, released by the Ministry of Economy, underline the continued upward trajectory of the nation’s foreign trade, which has achieved quarter-on-quarter growth since 2020. China has retained its position as the UAE’s leading global trading partner, followed by India, the USA and Saudi Arabia. Türkiye, with whom the UAE signed a CEPA in March, came in fifth place, with Iraq, Switzerland, Japan, Hong Kong, and Russia completing the top 10.