UAE’s non-oil foreign trade surged to $143.7 billion in Q1 2022
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The UAE’s non-oil foreign trade amounted to AED527.5 billion by the end of Q1-2022, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said.
The minister added that exports have doubled over the past five years and imports grew 25 percent YoY. China, India, Saudi Arabia, the US, Iraq, Switzerland, Turkey, and Japan were some of the top trading partners during Q1 2022.
He added that the top trading partners listed during Q1 2022 included China, India, Saudi Arabia, the US, Iraq, Switzerland, Turkey, and Japan, with significant growth rates compared to the volume of trade exchange during Q1-21.
Dr. Al Zeyoudi said that the UAE’s FDI inflows saw a growth of about 4 percent, noting that such impressive growth rates indicate an upward trajectory in the UAE’s drive to woo investments and international businesses, supported by the country’s stable and conducive investment environment.
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