Trade Balance in United Arab Emirates

United Arab Emirates Trade Balance | Economic News & Forecasts

United Arab Emirates - Trade Balance

Growth likely expanded at a softer pace in the second quarter as ongoing compliance with OPEC production cuts seemed to drag significantly on the energy sector. Conversely, the non-energy economy appears to have accelerated as the non-oil sector PMI surged in Q2. Turning to H2, growth is expected to be slowing further. The non-oil sector PMI posted the joint-lowest reading since May 2010, due to paltry demand and weaker output growth. In other news, the IMF concluded its Article IV visit in early November; while it recognized efforts to promote the non-oil economy, such as allowing full foreign ownership in selected sectors, it noted significant strides are still needed. On the fiscal front, the IMF noted current stimulus levels were appropriate, but suggested strengthening fiscal frameworks to ensure long-term fiscal sustainability.

United Arab Emirates - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)140  108  76.6  68.4  67.2  

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United Arab Emirates Trade Balance Chart

UAE Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bank of United Arab Emirates.

United Arab Emirates Facts

Exchange Rate3.670.0 %Nov 21
Stock Market0.10.75 %Nov 21

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