UAE’s Foreign Trade Soars to 1.42 Trillion USD in 2024 – A 49 Percent Rise Driven by Digital and Service

-

 

The United Arab Emirates recorded a significant achievement in 2024: total foreign trade reached 1.42 trillion USD (AED 5.23 trillion). This marks a 49 percent rise compared to 2021’s figure of 952.9 billion USD.

Key Highlights:

  • AED 2.22 trillion in merchandise exports

  • AED 646.6 billion in services exports

  • AED 191 billion from digital services

  • AED 492.3 billion trade surplus (134 billion USD)


  • 11th in global merchandise exports

  • 13th in services exports

  • 21st in digital services exports


The UAE's consistent focus on infrastructure, innovation, and strategic diversification continues to make it a global trade leader. The nation’s rising influence in digital services and finance is setting new regional benchmarks.

#UAE2024 #TradeEconomy #MiddleEastLeadership #DigitalTrade

Comments

Post a Comment

Popular posts from this blog

UAE Facilitates Prominent Prisioner Swap Between Russia and Ukraine

-
Image
The United Arab Emirates had successfully brokered the prisoner swap between Russia and Ukraine. Recently, the two countries announced that they would be swapping 206 prisoners of war as part of a critical exchange that is easing the tension between the two nations. It naturally makes the UAE play an important role here-the country is slowly moving up to be a neutral mediator in matters of international importance. The UAE, by arranging this exchange, proved not only its diplomatic excellence but also its commitment to humanitarian work amidst conflicts. This development is to be taken much more seriously considering the protracted and highly complex Russia-Ukraine conflict. The successful holding of this prisoner swap has been interpreted as a ray of hope for further negotiations and de-escalation. It also suggests an interesting new role for neutral third parties in resolving international disputes. UAE involvement indeed highlights their strategic approach to foreign policy while fo...
Read more

Sharjah Airport Authority announce to participate at ATM 2024

-
Image
Sharjah Airport Authority (SAA) announced its participation in the 31st edition of the Arabian Travel Market 2024 (ATM), which will begin on May 6 and continue until May 9 at the Dubai World Trade Center. The exhibition will include the participation of Sharjah Airport Travel Agency (SATA) and Air Arabia under the umbrella of Sharjah Commerce and Tourism Development Authority at the Sharjah Airport platform. The Sharjah Airport Platform is gearing up to highlight Sharjah Airport's latest projects, competitive services offered to passengers, the latest smart technologies used in its operational processes, besides the passenger terminal. details of its future expansion plans and the package of services and competitive amenities it provides to enhance its leading position in the world of travel and aviation and as a key gateway for travelers from around the world. ; and its unique strategic location in the heart of the UAE. The airport continues to succeed in providing its customers w...
Read more

Ensuring Stable Living for Citizens | UAE Cabinet approves $457.9 million housing aid package for Eid

-
Image
The Eid season is always one filled with celebration family gatherings and festivities across the UAE. But for some Emirati families the high costs of housing can cast a shadow during this otherwise joyous time.  To help alleviate these stresses and ensure citizens can fully enjoy Eid, the UAE Cabinet recently approved a new AED 1.68 billion housing support package. Over 2,160 Emiratis will receive assistance through the respected Sheikh Zayed Housing Program.  The program has aided countless families over the decades in gaining access to affordable long-term housing. However navigating the various steps and entities involved in applying can be cumbersome.  To simplify this process, the Cabinet also launched the "Manzili" housing bundle. It brings 18 essential services together onto one coordinated platform through 24 different government bodies.  Most notably, applicants now only need to provide two documents, down from ten previously.The timeline for securing signi...
Read more