United Arab Emirates Balance of Trade
The United Arab Emirates' balance of trade rose by 31%, reaching 290.3 billion AED in 2021 from 221.6 billion AED in 2020. This increase was driven by a 44% growth in non-oil exports during the first quarter of 2021 compared to the same period in 2020. The UAE's non-oil foreign trade also saw a 27% increase in the first half of 2021 versus the previous year with total non-oil foreign trade reaching 900 billion AED in the first half of 2021. The United Arab Emirates' record low balance of trade was 221.6 billion AED in 2020 and record high was 520.32 billion AED in 2012.
Yearly Historical Data (2012-2021)
(in Billion AED)United Arab Emirates Balance of Trade : Definition
The United Arab Emirates balance of trade represents the yearly difference between the value of goods exported and goods imported. It is calculated by subtracting the value of imports from the value of exports, measured in AED. A positive balance indicates a trade surplus, showing exports exceed imports, whereas a negative balance signifies a trade deficit.