Renowned for its progressive vision, the UAE has strategically transitioned away from its historical reliance on hydrocarbons. It now stands as a dynamic centre for global trade, finance and innovation. This evolution is reflected in the nation’s sustained strength across critical economic sectors, with non-oil foreign trade emerging as a defining pillar of its economic diversification.
In a significant declaration, Sheikh Mohammed Rashid announced the acceleration of the nation’s non-oil trade objective, with the AED4 trillion (USD 1.1 trillion) milestone now anticipated within the next two years—well ahead of the original 2031 target. This bold advancement reflects the UAE’s expanding influence on the global economic stage and the steadfast strategic leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.
In the first quarter of 2025, the UAE’s non-oil foreign trade demonstrated outstanding momentum, reaching AED835 billion from January to March an 18.6% increase compared to the same period in 2024, well above the global average of 2 to 3 percent.Â
Non-oil exports saw particularly strong growth, rising to AED177.3 billion, reflecting a 40.7% year-on-year surge and a 15.7% increase over the previous quarter. For the first time, non-oil exports represented more than 21% of the nation’s total non-oil trade an unprecedented milestone in the UAE’s economic development.
Imports climbed to AED468.6 billion in the first quarter of 2025, reflecting a 17.2% increase compared to the same period in 2024. Re-exports also maintained steady growth, rising by 6% year-on-year to reach AED189.1 billion. Despite a slight quarter-on-quarter decline of 1.7% in imports, the broader trend continues to reflect a strong and sustained upward trajectory.
The UAE’s trade relations with its key global partners saw continued expansion. Trade with India increased by 31%, while trade with Saudi Arabia recorded a remarkable 127% growth underscoring the strengthening of regional economic ties. Meanwhile, trade with Türkiye rose by 8.3%, and trade with China grew by 9.6%, both exceeding previous performance levels.
Sheikh Mohammed attributed the UAE’s economic achievements to the concerted efforts of dedicated teams operating across a wide range of sectors. In 2024, non-oil activities accounted for 75.5% of the nation’s AED1.77 trillion GDP, underscoring the UAE’s progress toward becoming a resilient, diversified economy.Â
Key indicators of social, economic, and strategic stability have reached record levels, further strengthening investor confidence and enhancing global trust in the UAE’s economic framework.
The Road Ahead
The UAE’s continued rise as a global leader in trade and economic development is marked by more than statistical milestones; it reflects a steadfast commitment to innovation, diversification, and international partnership. With a clear vision and ambitious targets, the nation is strategically paving the way for a resilient and prosperous future.
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