In 2023, the UAE marked a significant accomplishment in its non-oil foreign trade, reaching an impressive AED3.5 trillion in the value of goods and services.
Surpassing initial expectations for the year, this success was attributed to the establishment of new partnerships and collaborations. These efforts led to a notable increase in trade with the top ten trading partners.
One noteworthy development was the outstanding surge in trade with Turkey, registering a remarkable increase of over 103 percent. Additionally, trade with Hong Kong – China experienced a substantial boost of 47 percent, and trade with the United States grew by 20 percent in just one year, according to Sheikh Mohammed.
Emphasizing the UAE’s influential role in the international trade arena, the Dubai ruler highlighted the nation’s strong economic ties with global partners. He reiterated the country’s commitment to its motto of fulfilling promises and underlined the UAE’s position as a key player in the world of international trade.