HomeNewsUAE Hits $1 Trillion Non-Oil Foreign Trade Target Five Yrs Early, Signaling...

UAE Hits $1 Trillion Non-Oil Foreign Trade Target Five Yrs Early, Signaling Economic Shift

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According to the report, the UAE posted about $1.03 trillion in non-oil foreign trade. The figure equaled roughly AED3.8 trillion and reflects a push to diversify national income.

Values rose about 27% versus 2024 and 44.3% versus 2023, the data show. Growth was 65% compared with 2022 and 97.4% compared with 2021, nearly doubling in four years.

Sheikh Mohammed bin Rashid Al Maktoum said targets set three years ago for 2031 were met five years early. “the $1 trillion non-oil foreign trade achievement reflects a fully developed investment ecosystem, stronger cooperation with the private sector, and growing global confidence in the UAE’s economy.” (Ed. note: the milestone arrived five years earlier than planned.)

The development follows a wider Gulf focus on income diversification. Saudi Arabia is easing restrictions to boost tourism under Vision 2030 and expand non-oil trade.

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