The Federal Competitiveness and Statistics Centre (FCSC) has launched a mural in the form of a huge map showing the development of the UAE's non-oil foreign trade over the 50 years of the Union's life and the great growth achieved by foreign trade through successive leaps over half a century.
The mural shows the increase in the country's foreign trade from AED 1.14 billion in 1971 to exceed AED 1.4 trillion in 2020. Despite the repercussions of Covid-19, which cast a shadow on international trade and world economies, the UAE's foreign trade exceeded AED 1.28 trillion during the first nine months of this year, with a growth of 26.5% compared to the last period of 2020, representing a jump in growth compared to the rest of the region and the world.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: "Foreign trade is a major lever for the growth of the national economy, and the growth and development witnessed by the UAE's foreign trade during the fiftieth march reflects the interest of the vision and directives of the wise leadership in giving the economy and trade great importance and the UAE's prominent position on the global trade map. The country trades with 239 global markets. His Excellency added that the continuous development witnessed by the country's foreign trade reflects the directions recently announced by the UAE government to contribute to achieving new leaps in the country's trade performance during the next phase, and innovative initiatives and flexible government strategies play an important role in enhancing the performance of the country's foreign trade, such as the 10×10 program for export development, expanding comprehensive economic agreements with a number of target global markets, and continuously opening new commercial markets for the country's commercial activities to continue foreign trade without The state's oil performance will be positive during the next fifty years.
Hanan Ahli, Acting Director of the Federal Competitiveness and Statistics Centre, said that the unprecedented growth achieved by the UAE in all vital sectors during the fifty years of the country's life is the best evidence of the insightful vision of the wise leadership and the sustainable development approach that the country has planned for itself since the beginning of the Union. For the past 50 years, it has carved out a place for itself on the map of the world's leading players in foreign trade.
She pointed out that the UAE leads the world in many indicators related to trade, ranking first globally in the growth index of trade services exports and the trade budget index "% of GDP", according to the Global Competitiveness Yearbook 2021 report issued by the International Institute for Management Development (IMD), in addition to occupying the leading position regionally in many global competitiveness indicators related to trade. She added that the mural on the growth of foreign trade over 50 years, which was erected FCSC, reflects our absolute belief in the importance of documented data over 50 years in highlighting the sustainable development witnessed by the country in all vital sectors, including the foreign trade sector. It is noteworthy that the mural documents foreign trade data in a timeline that extends for fifty years, based on the data archive of FCSC, and sheds light on the volume of the UAE's trade with the countries of the world and the most important goods exchanged with them.
The Federal Competitiveness and Statistics Center has also launched an interactive digital map for non-oil global trade data for the United Arab Emirates. Through it, all non-oil foreign trade data is reviewed, and the total trade, imports, exports, and re-exports details can be determined over time periods defined by the map user. The data can also be sorted by country or group of countries, and trade volume is displayed in UAE Dirhams or US Dollars, making it easier for trade enthusiasts and researchers to access the latest and most accurate non-oil trade data for the UAE with the world.
