UAE: Non-oil foreign trade up 27% in H1-2021
UAE’s non-oil foreign trade recorded a 27% growth in H1 2021 compared to H1 2020, indicating a rapid recovery in the country’s non-oil foreign trade and its return to the growth trajectory.
This also indicates a 6% growth in the country’s non-oil businesses compared to the pre-pandemic level in 2019. The total value of the trade amounted to nearly AED900 billion in the first half of 2021.
The value of non-oil exports alone amounted to AED170 billion during this period, posting a growth of 44% compared to the first half of 2020 and 41% compared to the same period in 2019. The contribution of non-oil exports to the country’s total non-oil foreign trade during the same period (first half of 2021) grew to 19% from 16.6% in 2020 and 14.2% in 2019.
