Imports in United Arab Emirates

United Arab Emirates Imports | Economic News & Forecasts

United Arab Emirates - Imports

The economy shrank 7.8% in annual terms in the second quarter, according to the UAE Central Bank’s estimate, while non-oil GDP is expected to have plunged 9.3% in Q2, following Q1’s 2.7% softer drop. The readings reflected the slump in activity caused by the pandemic and the measures introduced to contain its spread. Employment declined in the quarter and consumer prices also fell, as subdued global and domestic demand drove oil prices down. Additionally, outward remittances also declined in Q2. However, available data suggests that the economy began to recover in Q3, with a gradual pickup in oil production in July and August, and the partial reopening of borders in early September. Nevertheless, a rise in new Covid-19 cases throughout August and September could lead to a tightening of restrictions, which bodes ill for private consumption in Q4.

United Arab Emirates - Imports Data

2015   2016   2017   2018   2019  
Imports (USD billion)224  227  246  235  241  

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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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