UAE’s foreign trade volume grew 19 pct in first nine months of 2022: Dubai ruler

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The United Arab Emirates’ global trade grew by 19 percent in the first nine months of 2022, Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum tweeted on Wednesday.

The country’s foreign trade volume is expected to reach 2.2 trillion dirhams ($599 billion) by the end of 2022, he added, compared to 1.9 trillion dirhams in 2021.

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The UAE’s non-oil foreign trade also grew by 18.9 percent in the first nine months of 2022 year-on-year to reach 1.637 trillion dirhams, the minister of state for foreign trade Thani Al Zeyoudi tweeted on Wednesday.

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