Exports in United Arab Emirates

United Arab Emirates Exports | Economic News & Forecasts

United Arab Emirates - Exports

Growth prospects appeared to improve in Q3. A high vaccination rate permitted the relaxation of Covid-19 curbs, with Dubai’s consumer confidence index hitting a 10-year high and the non-oil PMI averaging at a two-year high in the quarter. Momentum likely also strengthened in the oil sector: Oil production and prices averaged markedly higher in Q3 than in Q2. Turning to Q4, Expo 2020—which began in October—is boosting activity: In October, the non-oil PMI rose significantly and hotel occupancy rates surged. Moreover, oil production continued to increase in October amid still-elevated prices, boding well for the hydrocarbon sector. In politics, as part of efforts to diversify the economy away from oil and boost inward investment and migration, the government has announced an array of policies in recent weeks, including an easing of visa rules in Dubai, labor market reforms and new funds to support SMEs.

United Arab Emirates - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)300  295  314  321  316  

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United Arab Emirates Facts

Value Change Date
Exchange Rate3.670.0 %Dec 31
Stock Market0.10.75 %Jan 07

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