Trade Trend

In 2023, United Arab Emirates's total export value is 272.41Billion USD, total import value is 269.29Billion USD, Surplus is 3.12Billion USD, and foreign trade dependency is 1.074. In 2023，United Arab Emirates's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(110.62Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(42.89Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(39.23Billion USD), top export destinations are India(45.47Billion USD), China(39.29Billion USD), Japan(36.99Billion USD). In 2023, United Arab Emirates's top import products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(25.43Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(24.10Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(16.13Billion USD), top import origins are China(55.69Billion USD), India(33.01Billion USD), United States(24.86Billion USD).

Comparing to 2022, United Arab Emirates's total export value decreased -260.38Billion USD(-48.87%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-61.02Billion USD or -35.55%), Petroleum gases and other gaseous hydrocarbons(-53.24Billion USD or -79.43%), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(-24.86Billion USD or -97.57%) and export decreases to countries/economics such as United States(-4.65Billion USD or -40.35%), Egypt(-3.63Billion USD or -63.19%), Bahrain(-2.85Billion USD or -66.19%). Comparing to 2022, United Arab Emirates's total import value decreased -151.21Billion USD(-35.96%) in 2023, this could result from its import decreases of products such as Commodities not specified according to kind(-50.16Billion USD or -98.64%), Petroleum oils and oils obtained from bituminous minerals; crude(-45.14Billion USD or -99.47%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-35.40Billion USD or -59.50%), and its import decreases from countries/economies such as China(-11.53Billion USD or -17.15%), Vietnam(-3.16Billion USD or -42.33%), Ghana(-3.03Billion USD or -64.14%).

Cumulated to first 7 months of 2024, United Arab Emirates's total export value is 100.93Billion USD, total import value is 109.23Billion USD, and tradedeficit is -8.31Billion USD. Cumulated to first 7 months of 2024, United Arab Emirates's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(45.52Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(15.30Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(11.83Billion USD), and top export destinations are India(18.55Billion USD), China(15.96Billion USD), Japan(15.90Billion USD). Cumulated to first 7 months of 2024, United Arab Emirates's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(45.52Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(15.30Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(11.83Billion USD), and top import origins areChina(26.19Billion USD), India(13.34Billion USD), United States(11.13Billion USD).