N環球 N GLOBE
Dubai · Economy

UAE non-oil trade hits AED 2.945 trillion in nine months as Dubai ruler hails record exports

· N GLOBE

The UAE's non-oil foreign trade reached AED 2.945 trillion in the first nine months of 2026, up 10.1% year on year and approaching AED 3 trillion for the first time in a nine-month period; non-oil exports hit a record AED 705.8 billion, up 21.6%, with monthly exports topping AED 100 billion for the first time in September.

The UAE's non-oil foreign trade reached AED 2.945 trillion in the first nine months of 2026, up 10.1% year on year and approaching AED 3 trillion for the first time in a nine-month period. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the figures on Sunday after reviewing the foreign trade report, saying exports had reached historic highs.

Exports up 21.6%; monthly exports top AED 100 billion for the first time

Non-oil exports climbed 21.6% to AED 705.8 billion, while imports rose 11.5% to AED 1.661 trillion and re-exports totalled AED 578 billion. Exports accounted for 24.0% of total non-oil trade, up from 21.7% a year earlier, and monthly non-oil exports exceeded AED 100 billion for the first time in September 2026. Exports to the UAE's top ten trading partners grew by 31%.

Third-quarter trade at AED 1.025 trillion, driven by trade pacts

Quarterly momentum was also strong: non-oil trade reached AED 1.025 trillion in the third quarter, up 7.1% year on year and 11.1% on the previous quarter. Trade with the 23 countries covered by the 19 Comprehensive Economic Partnership Agreements (CEPAs) in force as of October 20 reached about AED 510.8 billion. Foreign Trade Minister Thani bin Ahmed Al Zeyoudi said the figures reflect the sustained momentum of UAE trade and its position as a pivotal hub for global trade.

Up more than 50% on 2023; target is AED 4 trillion by 2031

Compared with previous years, nine-month trade was up 37.2% on the same period of 2024 and 55.2% on 2023, while non-oil exports were up 73.7% on the first nine months of 2024. Sheikh Mohammed said: “For the first time, our non-oil foreign trade is nearing AED 3 trillion in just nine months, up 10% on last year, while our exports to our top ten trading partners grew by 31%.” The UAE is targeting AED 4 trillion in non-oil foreign trade by 2031; the full-year 2024 figure was about AED 3 trillion, or 75% of that target.

💬 Comments

No comments yet. Be the first!