UAE Foreign Trade Soars to $1.42 Trillion in 2024

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The UAE’s foreign trade surged to AED 5.23 trillion ($1.42 trillion) in 2024, marking a 49% jump from 2021’s AED 3.5 trillion ($952.9 billion). This impressive growth reflects the country’s strategic vision and resilience amid global trade challenges.

Ranked 11th globally in merchandise exports and 13th in services exports, the UAE recorded a trade surplus of AED 492.3 billion ($134 billion) in 2024. Merchandise exports totaled AED 2.22 trillion, while services exports reached AED 646.6 billion — with digital services alone contributing AED 191 billion.

Since 2014, the UAE has upheld its position as a key trade hub for the Middle East and Africa. Its diversified trade growth spans sectors such as information technology, tourism, and financial services. The country also ranked 21st in global digital services exports, underlining its commitment to innovation.

With its robust performance, the UAE is expected to support a projected 1.6% regional GDP growth in 2024, reinforcing its role as a global trade leader.

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