After 17% growth in 2022, UAE’s foreign trade surpassed AED 2 Trillion for the first time ever. UAE’s president shared the figures with the public after he chaired the cabinet meeting held on Monday. Sheikh Mohammed says ” Foreign trade in UAE increased by 17% growth in 2022 as Foreign trade hits a high $600 bln. “

The increase in foreign trade of UAE is 17% more than their performance in the past year. The performance is before the real estate and tourism sector marked their numbers with high records. These sectors are consistently growing since last year attracting tourists and investors across the globe. 

Foreign trade growth performance 

In an update on Twitter, Sheikh Mohammed with 11 million followers shared the news. He said ” 

“The demand for investment, tourism, and real estate have achieved unprecedented figures. The government will continue to provide the best business environment for businessmen”.

In addition, this is the first time UAE has exceeded its foreign trade barrier. Moreover, foreign trade comes after growth in non-oil trade in 2020. In 2020, the non-oil trade growth was 12% with a record AED 1.46 tn and jumps to AED 1,922 tn in 2021. 

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