Sheikh Mohammed bin Rashid Al Maktoum announced that the UAE is currently ranked 11th in the world among commodity exporting countries, citing a report from the World Trade Organization.
And the UAE Vice President, Prime Minister and Ruler of Dubai tweeted on Thursday that the UAE provided 2.4% of global merchandise exports as it exported $599 billion worth of merchandise to the world in 2022, while up 41% year-on-year and ranked 11th in the world among commodity exporting countries.
Bin Rashid added that according to the World Trade Organization, the UAE’s goods and services transactions in 2022 were $1.27 trillion, with a surplus of $233 billion.
Bin Rashid concluded by emphasizing that “the coming year 2023 will be even more beautiful, bigger and bigger. We are an economic country… and our national priorities are economic… and our relations with countries will remain based on the development of the economy with all nations.”
In a new World Trade Organization report, the UAE contributed 2.4% of global merchandise exports as it exported $599 billion worth of goods to the world in 2022, up 41% from the previous year, and they should be in the rankings. 11th in the world among commodity exporting countries.
— His Highness Sheikh Mohammed (@HHShkMohd) April 6, 2023
According to the World Trade Organization, the UAE’s goods and services transactions in 2022 amounted to $1.27 trillion, with a positive balance in our favor of $233 billion. What will come next in 2023 is more beautiful, bigger and bigger. We are an economic country..and our national priorities are economic..and our relations with countries will remain based on economic development with all nations.
— His Highness Sheikh Mohammed (@HHShkMohd) April 6, 2023
According to the report, the UAE also ranked 18th in the world in terms of merchandise imports in 2022, recording a value of $425 billion, accounting for 1.7% of global merchandise imports with a 22% growth rate. If we consider the countries of the European Union as a group, the UAE rises to 13th place in the world.
UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi confirmed that the visionary policies pursued by the UAE government are proving their strength every day in supporting the country’s economic position in the world, strengthening the foundations of its knowledge-based economic model. and innovation, and contribute effectively to improving their competitiveness in a sustainable manner.
Al Zeyoudi said that the prestige position that our economy occupies today, as evidenced by the international financial institutions, challenges us to develop our policies and programs to maintain this leadership, and we continue to strengthen the position of the UAE on the map of international trade, thanks to our initiatives , including the Comprehensive Economic Partnership Agreement and the Next Generation Initiative.Further away from foreign investment, start-up support programs and other initiatives.
Source: RT + house.
