Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced that the UAE is on track to achieve its ambitious target of AED 4 trillion in non-oil foreign trade by 2027, significantly ahead of the original 2031 goal. This announcement underscores the UAE's rapid progress in enhancing its non-oil trade sector, which has been a crucial component of the nation's economic growth.

According to Emirates News Agency, the UAE's non-oil foreign trade witnessed an impressive 18.6% year-on-year growth in the first quarter of 2025, reaching AED 835 billion. This growth far surpasses the global average increase of 2-3%. The nation's non-oil exports have seen a remarkable surge, increasing by 40.7% compared to the previous year, highlighting the UAE's strategic focus on diversifying its economy.

Sheikh Mohammed emphasized that the UAE's economic strategies, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, are yielding unprecedented success. The nation's GDP grew by 4% in 2024, reaching AED 1.77 trillion, with the non-oil sector contributing 75.5% to the economy. The UAE's trade relations with its top 10 partners also expanded by 20.2% in Q1 2025, with notable growth in trade with India, Saudi Arabia, Turkiye, and China.

The robust growth in non-oil exports has propelled them to over 21% of the UAE's total non-oil foreign trade for the first time. Meanwhile, re-exports increased by 6% annually, and imports grew by 17.2% year-on-year. These figures reflect the UAE's commitment to strengthening its economic position globally and achieving its long-term economic goals.