UAE's non-oil trade hit record 3.5 trillion dirhams in 2023

The United Arab Emirates' non-oil trade reached a record high of 3.5 trillion dirhams ($952.93 billion) in 2023, the UAE's prime minister Sheikh Mohammed bin Rashid al-Maktoum said on X on Sunday.

Trade in non-oil goods rose 12.6 per cent from the previous year, while exports of goods and services surpassed 1 trillion dirhams to set a new record, Thani Al Zeyoudi, minister of foreign trade, said in a separate social media post.

"(This) confirms that economic diversification plans are moving in the right direction towards a future economy based on knowledge and innovation and reflects the growing international confidence in the UAE’s economy," Al Zeyoudi said on X.