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UAE Non-oil Foreign Trade up 27% in First Half of 2021

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Non-oil foreign trade recorded a rise of 27% in the first half of 2021 as compared to the same period of 2020, implying rapid recovery in the country’s non-oil foreign trade with its return to the growth trajectory. This indicates a 6% growth in the non-oil foreign trade in comparison to the pre-pandemic progress that equals the total worth of the trade to nearly AED900 billion.

During this period of time, the sole value of non-oil exports has reached AED170 billion with considerable growth of 44% than the first half of 2020 and 41% than that of 2019. According to Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, the results of the growth have been very promising in the total volume of trade over the past two years.

He lauded that the pandemic didn’t impact the global trade movement. He said, “These efforts consolidate the UAE’s position as a leading and competitive trade hub connecting the East and West and a major player in ensuring the continuity and growth of global supply chains. What we see today is a testament to the success of our efforts in this direction.”

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