{"id":106089,"date":"2025-07-31T00:00:00","date_gmt":"2025-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/non-oil-trade-soars-24-y-o-y-to-hit-aed-1-7-tn-in-1h-2025\/"},"modified":"2025-07-31T00:00:00","modified_gmt":"2025-07-31T00:00:00","slug":"non-oil-trade-soars-24-y-o-y-to-hit-aed-1-7-tn-in-1h-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/non-oil-trade-soars-24-y-o-y-to-hit-aed-1-7-tn-in-1h-2025\/","title":{"rendered":"Non-oil trade soars 24% y-o-y to hit AED 1.7 tn in 1H 2025"},"content":{"rendered":"

Non-oil foreign trade surged 24% y-o-y in the 1H 2025<\/strong>, reaching nearly AED 1.73 tn during the period, driven by a boom in non-oil exports, according to an X post<\/a> from Dubai Ruler and Prime Minister Mohammed bin Rashid Al Maktoum. <\/p>\n

The breakdown: <\/strong>Non-oil exports hit a historic high in 1H this year, reaching AED 369.5 bn. This remarkable achievement represents a growth rate exceeding 44.7% y-o-y, a first for the country, Dubai Media Office said in a statement<\/a> yesterday. They contributed 21.4% of the UAE\u2019s total non-oil foreign trade, marking an increase from 18.4% in the first half of 2024. <\/p>\n

Meanwhile, non-oil imports reached AED 969.3 bn<\/strong>, giving the UAE a trade surplus of around AED 761 mn, according to the statement. Re-exports reached AED 389 bn, up 14% y-o-y. <\/p>\n

Top trade partners:<\/strong> Trade with Switzerland surged by an impressive 120% y-o-y, followed by Turkey (41%), India (33%), the US (29%), and Saudi Arabia (21.3%). <\/p>\n

Looking ahead, <\/strong>the UAE\u2019s non-oil foreign trade is now expected to hit AED 4 tn by 2027<\/strong> \u2014 four years ahead of the original 2031 target, Dubai Media Office said earlier in June<\/a>.<\/p>\n

Background: <\/strong>Non-oil foreign trade rose 18.6% y-o-y to AED 835 bn in 1Q 2025, and exceeded<\/a> AED 2.8 tn in 2024, with non-oil exports growing 29.3% y-o-y, while re-exports grew by 3.8%, and imports climbed by 13.5%. This performance came on the back of an expansion in the UAE\u2019s trade and economic agreements with several countries last year.<\/p>\n

Non-oil GDP outlook:<\/strong> Fitch\u2019s BMI sees<\/a> non-oil growth coming in at 4.2% this year rather than 4.7% \u2014 down from the 5% growth seen last year. Meanwhile, the Central Bank of the UAE (CBUAE) predicted a slowdown to 4.5% this year, and the IMF sees the UAE\u2019s non-oil GDP growing by 4.5% this year, with tourism, public spending, construction, and financial services driving growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE non-oil exports hit a historic high in 1H this year, reaching AED 369.5 bn<\/p>\n","protected":false},"author":1,"featured_media":106090,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1635],"tags":[19,7,20,1334],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-economy","tag-enterpriseam-uae","tag-gdp","tag-trade","wpautop","entry"],"acf":{"mongo_id":"834580f6-8de7-4dc9-9b75-2902119657d0","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2667.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Non-oil trade surges 24% y-o-y to hit AED 1.7 tn in 1H 2025","related_issue":[106084],"teaser":"UAE non-oil exports hit a historic high in 1H this year, reaching AED 369.5 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.9982dda7-8c4a-4ef2-bb31-b81016b831b7.mp3"},"yoast_head":"\nNon-oil trade soars 24% y-o-y to hit AED 1.7 tn in 1H 2025 - 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