Sheikh Mohammed says UAE nine-month trade approaches Dh3tn
The UAE’s foreign trade has jumped close to a record Dh3 trillion ($817 billion) in the first nine months of the year, despite economic headwinds and geopolitical challenges, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai has said. The 10 per cent annual increase in trade figures of the Arab world’s second-largest economy was underpinned by a sharp surge in exports, as the country…
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, revealed that the UAE's foreign trade has approached a record Dh3 trillion ($817 billion) in the first nine months of 2026, despite economic headwinds and geopolitical challenges. The country's economy, the second-largest in the Arab world, experienced a 10% annual increase in trade figures, according to a post on X. Sheikh Mohammed highlighted that exports to the UAE's top 10 trading partners rose by 31% year-over-year.
The UAE's economic performance remained robust despite the impact of the US-Iran conflict, which has been ongoing for nine months. Non-oil trade witnessed a remarkable 13.1% annual growth, reaching Dh1.937 trillion, with a record-breaking Dh452.8 billion in non-oil exports. The UAE's strategy of diversifying its economy and strengthening trade relations through the Comprehensive Economic Partnership Agreement (Cepa) scheme has contributed significantly to the country's impressive trade performance.
With Benin becoming the latest signatory in October, the UAE has signed 38 Cepas, 18 of which are already in force.
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