Affirming its economic diversification journey, the UAE achieved an all-time high of 1.13 trillion dirhams ($337.6 billion) in non-oil foreign trade during the first half of 2023, representing a 14.4 percent growth compared to the same period a year ago. The robust performance in the first half was driven by record non-oil exports, which reached 205 billion dirhams in the first half of 2023, up 11.9 percent compared to the same period in 2022, news agency WAM reported, citing figures released by the Ministry of Economy. According to the report, non-oil exports in the first six months of 2023 exceeded those in 2017. The report added that non-oil exports’ contribution to the UAE’s total foreign trade was 16.6 percent in the first half of this year, compared to an estimated share of 14.2 percent during the same period in 2019.—AN
