Exports in United Arab Emirates

United Arab Emirates Exports | Economic News & Forecasts

United Arab Emirates - Exports

After growing a reported 3.8% in 2021, activity likely picked up further in Q1 2022. Oil production increased due to further OPEC+ quota increases. Along with near-decade highs in energy prices provoked by the war in Ukraine, this will have likely boosted investment and public coffers. Meanwhile, momentum in the non-oil sector should have carried over into Q1: Business conditions improved at only a slightly softer pace than in Q4 2021. March’s PMI revealed demand remained at post-pandemic highs and employment levels rose for the 10th month running in the non-oil sector, boding well for spending. Additionally, a booming real estate market and improving hotel occupancy rates—boosted by the Expo 2020—further signaled growth will pick up from last year. Moving into Q2, the scrapping of more Covid-19 restrictions in March bodes well for activity ahead.

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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