Trade in non-oil goods rose 12.6% from the previous year, while exports of goods and services surpassed 1 trillion dirhams to set a new record
The United Arab Emirates’ non-oil trade reached a record high of 3.5 trillion dirhams ($952.93 billion) in 2023, the UAE’s prime minister Sheikh Mohammed bin Rashid al-Maktoum said on X on Sunday.
Trade in non-oil goods rose 12.6% from the previous year, while exports of goods and services surpassed 1 trillion dirhams to set a new record, Thani Al Zeyoudi, minister of foreign trade, said in a separate social media post.
“(This) confirms that economic diversification plans are moving in the right direction towards a future economy based on knowledge and innovation and reflects the growing international confidence in the UAE’s economy,” Al Zeyoudi said on X.
($1 = 3.6729 UAE dirham)
(Reporting by Tala Ramadan and Adam Makary; editing by Christina Fincher)
