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Abu Dhabi’s non-oil foreign trade grows by 9% in 2024 to $83bn

The emirate recorded a 9 percent increase in non-oil foreign trade in 2024. (WAM)
  • Non-oil exports soared 16 percent in 2024, reaching AED 107.8 billion compared to AED 93 billion in 2023.
  • Re-exports grew by 11 percent to exceed AED 58 billion, compared to AED 52.4 billion in 2023, while imports grew by 3 percent to AED 140.2 billion.

Abu Dhabi, UAE —  Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024, reaching AED 306 billion ($83.29 billion), compared to AED 281.9 billion in 2023, reflecting the vitality of the emirate’s economy and its growing relations with trading partners around the globe.

Non-oil exports soared 16 percent in 2024, reaching AED 107.8 billion compared to AED 93 billion in 2023. Re-exports grew by 11 percent to exceed AED 58 billion, compared to AED 52.4 billion in 2023, while imports grew by 3 percent to AED 140.2 billion, up from AED 136.4 billion in 2023.

This growth is attributed to Abu Dhabi’s business-friendly ecosystems, proactive policies, and trade facilitation solutions and initiatives to reduce cost, time, and requirements, simplifying procedures and enabling seamless integration of government services.

Customs declarations for 2024 showed a 3 percent increase compared to the previous year, with digital platform transactions growing by 17 percent. Furthermore, proactive and automated transactions grew by 31 percent, accounting for a significant portion of total customs transactions.

Rashed Lahej Al Mansoori, Director-General of Abu Dhabi Customs, emphasized that Abu Dhabi continues to achieve significant growth in non-oil foreign trade, reinforcing the emirate’s status as a rising economic powerhouse and a global hub for business, trade, and investment.

Al Mansoori affirmed Abu Dhabi Customs’ commitment to working closely with strategic partners to support the emirate’s economic objectives and facilitate trade growth. This includes enhancing the efficiency of the customs system and providing effective services to companies and investors through cutting-edge technologies and innovations, thereby reducing costs and accelerating operations. These efforts strengthen the national economy and support the UAE’s sustainable development journey.

Abdulla Gharib Al Qemzi, Director-General of the Statistics Centre – Abu Dhabi, said, “Abu Dhabi Customs, in collaboration with the Statistics Centre – Abu Dhabi, plays a crucial role in analysing foreign trade trends and assessing the impact of economic policies. By leveraging accurate and reliable trade data, we enable decision-makers to develop policies that support sustainable economic growth and align with the emirate’s long-term vision.

The latest foreign trade figures reflect the effectiveness of these policies, with Abu Dhabi’s non-oil economy growing by 6.2 percent in 2024. This growth highlights the emirate’s resilience in adapting to global challenges and reinforces its position as a dynamic economic hub.”