The United Arab Emirates’ foreign trade hit 2.2 trillion dirhams ($599 billion) in 2022, up 17 percent year-on-year. As the UAE continues to expand its non-oil foreign trade sector by investing in transport and logistics infrastructure and expanding economic partnerships to diversify away from hydrocarbons, challenges remain ahead for the UAE’s economy and trade sector, provided the growing instability in the global economy. 

Minister of State for Foreign Trade H.E. Thani bin Ahmed Al Zeyoudi offered perspectives into the government’s plan in approaching the challenges facing the UAE’s economy and discussed the potential areas of growth within the trade sector.