UAE’s non-oil foreign trade surged to AED527.5 bn by end of Q1-22: Minister of State for Foreign Trade

✔ Fact Checked by TDPel News Desk

By Samantha Allen

Published: May 27, 2022 | 7:17 PM GMT

The UAE’s non-oil foreign trade amounted to AED527.5 billion by the end of Q1-2022, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, revealed.

“Despite rapid shifts taking place globally, the UAE is working according to an ambitious strategy to boost its foreign trade and usher in a new era of economic growth and prosperity in line with the requirements of the next stage of the UAE’s development journey, and its objectives to enhance the competitiveness of the national economy and its position as a leading global trade hub,” Dr.

Al Zeyoudi told the Emirates News Agency (WAM).
The minister added that the UAE’s exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting that exports have doubled over the past five years.

Dr. Al Zeyoudi explained that the UAE’s non-oil imports grew 25 percent during Q1-22 to AED292 billion, with re-exports hitting AED144 billion, up 19 percent on the corresponding period last year.

He added that the top trading partners list during Q1 2022 included China, India, Saudi Arabia, the US, Iraq, Switzerland, Turkey and Japan, with significant growth rates compared to the volume of trade exchange during Q1-21.

Asked about the country’s foreign direct investments, Dr. Al Zeyoudi said that the UAE’s FDI inflows saw a growth of about 4 percent, noting that such impressive growth rates indicate an upward trajectory in the UAE’s drive to woo investments and international businesses, supported by the country’s stable and conducive investment environment.

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About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.