The UAE's non-oil trade is heading to achieve "balance" in its trade balance (the difference between the value of imports with exports and re-exports) for the first time in its history. Driven by the increase in the value of exports and re-exports, as the country has become a regional center and an important trade corridor on the international trade map, while the UAE's non-oil trade grew 23 percent in just 60 days (January) and (February) of this year 2023.
The Minister of State for Foreign Trade, Dr. Thani Al-Zeyoudi, revealed that the country's non-oil foreign trade grew by a very strong rate of 23 percent in the first two months of this year 2023 (January and February). Driven by an increase in imports, exports, and re-exports, while the trade map maintained its main form in terms of the largest trading partners.
Source (Alkhaleej Emirati Newspaper, Edited)
