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UAE ranks 11th globally in commodity exports with 41% growth

The UAE has been ranked 11th globally in the export of goods in 2022 with the total value of its goods trade amounting to $599 billion. The country accounted for 2.4% of global merchandise exports with a 41% growth.

When the European Union countries are treated as a single group, the UAE ranks seventh globally, according to the ‘World Trade Outlook and Statistics’ report issued by the World Trade Organization (WTO) recently.

The report ranked the UAE 18th globally in terms of merchandise imports in 2022, which went up by 22% to reach $425 billion, and accounted for 1.7% of the world’s merchandise imports. When EU countries are treated as a group, the UAE ranks 13th globally.

Link: https://www.zawya.com/en/economy/gcc/uae-ranks-11th-globally-in-commodity-exports-with-41-growth-r4svodd5

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