In a defining moment for the UAE’s economic transformation, the country’s foreign trade has crossed the AED 3 trillion mark in 2024, a first in its history. This achievement reinforces the UAE’s position as one of the most dynamic global trade hubs and sends a powerful message to investors considering the Emirates for new business ventures. A Year of Exceptional Growth The UAE’s total non-oil foreign trade stood at AED 2.997 trillion ($815.7 billion), representing a 14.6% increase compared to 2023. Non-oil exports surged by 27.6%, reaching AED 561.2 billion, while re-exports rose by 7.3% to AED 734.4 billion. This growth reflects the success of national strategies aimed at diversifying the economy away from hydrocarbons and building resilience across manufacturing, logistics, and services. Gold, jewellery, aluminium, and copper products led export growth, while sectors like perfumes, food processing, and electronics saw sharp increases in re-export volumes. This pattern signals the UAE’s growing competitiveness in both luxury goods and high-value industrial segments. Global Trade Agreements Fuel Expansion Trade partnerships played a vital role in achieving this milestone. The UAE’s series of Comprehensive Economic Partnership Agreements (CEPAs) with countries such as India, Indonesia, Turkey, and South Korea have provided access to fast-growing markets, further boosting non-oil trade flows. With new agreements under negotiation with nations in Africa and Latin America, the UAE is setting the stage for sustained long-term expansion. These agreements are not just about tariffs—they’re creating integrated value chains and opening the UAE’s doors wider to global investors seeking a gateway to Asia, the Middle East, and Africa. Why Investors Should Take Note For international investors, the AED 3 trillion trade figure signals more than scale—it shows continuity, policy stability, and a pro-business environment that keeps delivering. The UAE’s logistics, infrastructure, and financial systems are designed to support seamless global commerce. Setting up a company in the UAE now means joining one of the world’s most connected trade ecosystems. Whether it’s a free-zone enterprise focused on export, a logistics firm leveraging proximity to global shipping routes, or a mainland business serving both domestic and international markets, the opportunities are vast. Strategic Policy Reforms Supporting Trade Supporting this achievement are landmark reforms such as 100% foreign ownership, flexible visa systems for investors, and the adoption of digital trade and customs platforms. These steps align with the UAE Centennial 2071 Vision, emphasizing innovation, technology, and sustainability. Furthermore, the UAE’s digital trade corridors with Saudi Arabia, Singapore, and the UK highlight a push toward paperless cross-border transactions, enhancing efficiency and reducing costs for businesses. The Road Ahead Economists project that the UAE’s total trade volume could exceed AED 3.5 trillion by the end of 2025, supported by strong growth in non-oil sectors and a robust influx of FDI. With logistics giants expanding capacity in Jebel Ali and Khalifa Port, and with Emirates SkyCargo and Etihad Cargo increasing routes, the UAE is cementing its reputation as the “Trade Hub of the Future.” Conclusion The UAE’s trade record in 2024 is more than a number—it’s a narrative of transformation, diversification, and sustained momentum. For investors looking to establish businesses in the UAE, this is the most opportune time to enter a market that is not only open but accelerating toward a new era of global leadership.