UAE is the world’s 25th biggest importer in commercial services, according to the most recent classification by the World Trade Organisation (WTO) Secretariat for 2011, surpassing countries like Austria, Norway, Luxemburg and Malaysia. KSA occupied 22nd position worldwide in the same report.
According to the report, the UAE imported US$ 46 billion in commercial services, representing 1.2 percent of the world’s imports which stood at US$ 3,865 billion of commercial services trade in 2011. KSA’s imports reached US$ 55 billion capturing 1.4 percent of the global trade.
According to the same report, USA was ranked first with US$ 391 billion and France came sixth with US$ 141 billion.