United Arab Emirates
Asia & Middle East
Trade in United Arab Emirates
| The United Arab Emirates was the world’s 15th largest exporter of goods and 12th largest exporter of commercial services in 2022. Export values were $515.62 billion and $154.67 billion USD respectively. The United Arab Emirates’s top export category was Fuels and mining products, followed by Manufactures, and Machinery and transport equipment. In 2022, The United Arab Emirates’s main export destination markets for goods and services trade were to Saudi Arabia, Iraq and India – United Arab Emirates. In terms of imports, The United Arab Emirates is the world’s 18th largest importer of goods and 19th largest importer of commercial services. Import values were $420.49 billion and $96.92 billion USD respectively in 2022. The United Arab Emirates’s top import category was Manufactures, followed by Machinery and transport equipment and Office and telecom equipment. Leading import partners were China, United States and India. The United Arab Emirates is part of 6 different Regional Trade Agreements, including EFTA – Gulf Cooperation Council (GCC) and Gulf Cooperation Council (GCC). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
United Arab Emirates |
Abbreviation |
AE |
Capital |
Abu Dhabi |
WTO Membership Date |
10 April 1996 |
Legal System |
mixed legal system of Islamic (sharia) law and civil law |
Language |
Arabic |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
United Arab Emirates dirham |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://u.ae/en/information-and-services/business/running-your-business/running-a-business-on-the-mainland/conducting-foreign-trade |
Last Reviewed: June, 2024
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