The United Arab Emirates breaks records with 3.5 trillion dirhams in foreign trade amid the global crisis

“Today marks an important milestone by announcing the completion of our foreign trade in non-oil goods and services, which will reach an all-time high of Dh3.5 trillion in 2023,” Sheikh Mohammed tweeted.

“This achievement is a testament to our resilience amid the global slowdown in international trade, as reported by the United Nations Conference on Trade and Development,” added the vice president.

He went on to say that in early 2023, the UAE was forecasting a record economic year, but the country exceeded expectations.

“Throughout 2023, the UAE forged new avenues of collaboration through comprehensive partnership agreements, resulting in a notable increase in our foreign trade with our top ten trading partners,” said Sheikh Mohammed.

The UAE vice president clarified that trade with Turkey increased by more than 103 percent, with Hong Kong-China by 47 percent and with the United States by 20 percent, all in a single year.

“Today, the UAE is a key player in international trade and maintains strong economic commitments to partners around the world. Our commitment remains unwavering, summed up in our firm motto: Talk what we do and do what we say,” Sheikh Mohammed added.