The total value of the UAE\u2019s foreign trade in the past five decades amounted to some US$9.32 trillion (AED34.23 trillion), according to the United Nations Conference on Trade and Development (UNCTAD).<\/p>\n\n\n\n
Additionally, the country\u2019s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion).<\/p>\n\n\n\n
The UNCTAD\u2019s figures also reported that the value of UAE’s foreign trade increased 473 times from $1.15 billion (AED4.2 billion) in 1971 to $542.02 billion (AED2 trillion) by the end of 2020.<\/p>\n\n\n\n
The cumulative balance of foreign direct investments (FDI) into the country rose from $7.8 million (AED28 million) in 1971 to some $20 billion (AED73.46 billion) by the end of 2020.<\/p>\n\n\n\n
The UAE\u2019s foreign trade over the five decades varied between exports by 57 percent worth $5.3 trillion (AED19.5 trillion) and imports by 43 percent, worth $4.01 trillion (AED14.7 trillion).<\/p>\n\n\n\n
UAE’s exports increased 380 times, rising from $842 million (AED3.1 billion) in 1971 to $319.3 billion (AED1.17 trillion) by the end 2020, while imports rose 730 times from $309 million (AED1.13 billion) to $225.7 billion (AED828 billion) at the end of 2020.<\/p>\n\n\n\n
According to the figures, the value of foreign trade increased 28 times by the end of the first decade, after the formation of the UAE, to $32 billion (AED117.5 billion), and nearly 33 times by the end of 1991 to $38.2 billion (AED140 billion), and nearly 74 times by the start of the 2000s to $85.7 billion (AED315 billion), and 462 times by the end of the fourth decade to $532 billion (AED1.9 trillion).<\/p>\n\n\n\n
The year 2019 was the best year, in terms of the value of foreign trade, totalling $657.3 billion (AED2.4 trillion), followed by 2018 with $649.4 billion (AED2.38 trillion), and 2013 with $644.8 billion (AED2.3 trillion).<\/p>\n\n\n\n
In 2014, the country\u2019s trade was worth $619 billion (AED2.27 trillion), and in 2012 it reached $616 billion (AED2.26 trillion).<\/p>\n","protected":false},"excerpt":{"rendered":"
The total value of the UAE\u2019s foreign trade in the past five decades amounted to some US$9.32 trillion (AED34.23 trillion), according to the United Nations Conference on Trade and Development (UNCTAD). Additionally, the country\u2019s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion). The UNCTAD\u2019s figures also reported that …<\/p>\n","protected":false},"author":2,"featured_media":40768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-40767","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economy","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/40767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=40767"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/40767\/revisions"}],"predecessor-version":[{"id":40769,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/40767\/revisions\/40769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/40768"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=40767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=40767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=40767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}