Exports in United Arab Emirates

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 |
United Arab Emirates Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 3.67 | 0.0 % | Dec 31 |
Stock Market | 0.1 | 0.75 % | Jan 07 |
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Economic News
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United Arab Emirates: PMI stable in March
April 5, 2022
The S&P Global Purchasing Managers’ Index (PMI) came in at 54.8 in March, matching February's reading.
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United Arab Emirates: PMI rises to 10-month high in February
March 3, 2022
The IHS Markit Purchasing Managers’ Index (PMI) came in at 54.8 in February, up from January's 54.1.
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United Arab Emirates: PMI moderates in January
February 3, 2022
The IHS Markit Purchasing Managers’ Index (PMI) fell to 54.1 in January from December's 55.6.
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United Arab Emirates: Inflation recedes in December
January 19, 2022
Consumer prices increased 0.02% over the previous month in December, coming in below November's 0.59% rise.
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United Arab Emirates: PMI eases in December
January 5, 2022
The IHS Markit Purchasing Managers’ Index (PMI) came in at 55.6 in December, down from November's 55.9.