UAE’s foreign trade reached a historic milestone of Dhs 3 trillion by end of 2024, says Sheikh Mohammed

The UAE’s foreign trade has reached a historic milestone, touching Dhs 3 trillion for the first time by the end of 2024.

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, said on X, “My brother, His Highness Sheikh Mohamed Bin Zayed, has spent years strengthening economic ties with nations worldwide… Today, we see the results.

“While global trade grew by just 2% in 2024, the UAE’s foreign trade expanded at seven times that rate, achieving an impressive 14.6% growth.

“The Comprehensive Economic Partnership Agreements, Led by Sheikh Mohamed Bin Zayed, added Dhs 135 billion to our non-oil trade with partner nations—an exceptional 42% increase compared to the previous year.

“In 2021, we set a goal of reaching Dhs 4 trillion in annual foreign trade by 2031. By the end of 2024, we have already achieved 75% of that target. At this pace, we will reach it years ahead of schedule.

“The UAE is shaping its own economic future, focusing on progress over politics. Our priority is to strengthen economic partnerships with nations around the world—because prosperity is built on stability.

“The UAE has a clear vision and bold ambitions. In this world, success belongs to those who know exactly where they are headed.”