United Arab Emirates (UAE) is a federation of the seven emirates of Abu Dhabi, Ajman, Al Fujairah, Dubai, Ras al Khaymah, Sharjah, and Umm al Qaywayn. UAE is heavily reliant on its export industry, being the sixth largest petroleum exporter in the world. Petroleum export revenues are valued at around $120 billion USD a year, out of a total of around $200 billion USD total export revenue.
UAE exports globally, its top export destinations are Japan, India, South Korea and Thailand. As well as crude petroleum, UAE exports gold, petroleum gas and raw aluminum. Interestingly, UAE is a big user of natural gas, and as well as sharing international gas pipelines, it’s a big importer and exporter of liquefied natural gas (LNG).
Official Name (Local Language) | Al Imarat al Arabiyah al Muttahidah | Capital | Abu Dhabi | Population | 5,927,482 | Currency | U.A.E. Dirham | GDP | $375 billion | Languages | Arabic | Telephone Dial In | 971 |
270,882
4,496
197
Country
Trade
% Partner Share
Unspecified
81,777
30.19
China
22,424
8.28
United States
20,587
7.60
India
18,669
6.89
Germany
12,594
4.65
Export Product
Number
Gold in unwrought forms non-monetary
11.9%
Transmission apparatus, for radioteleph incorpo
4.6%
Aircraft nes of an unladen weight exceeding 15,
4.3%
Art. of jewellery and pts thereof of/o prec mtl
3.4%
Gold in other semi-manufactured forms, non-monetary
3.1%
%
Product List
0.7%
Dates, vegetables, watermelons; poultry, eggs, dairy products; fish
%
Industry list
44.6%
Petroleum and petrochemicals; fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, handicrafts, textiles
%
Services list
54.7%
United Arab Emirates (UAE) is a growing world financial centre and trade hub, with GDP growth rate at around 4% a year. With a total population of just 9 million, UAE is a high income and one of the richest nations in the world. UAE is actively seeking ways to diversify its economy in the long term, as it is heavily reliant on oil exports as a primary revenue stream at the moment. The country is investing into sustainable energy, education and science.
UAE imposes a 5% tax on imported goods, in accordance with the Unified Customs Law (ULC). United Arab Emirates main imports are pearls and other precious metals and stones, machinery, sound recorders and transport vehicles. UAEs import partners are China, India and the United States.
With a large expatriate population and one of the most liberal trade nations in the Gulf, a UK business exporting to UAE could have many advantages, including its proximity to other Gulf markets, there is no taxation on personal income and capital gains, and it’s ranked thirty-first in the World Bank’s ease of doing business report.
Information
Exporting to UAE? Contact our local experts
United Arab Emirates Economic Statistics
https://government.ae/en#/
https://countryeconomy.com/ratings/united-arab-emirates
Central Bank of the United Arab Emirates
3.673
3.6%
19.5%
3.4%
NA
$375 billion
$67,700
U.A.E. Dirham
AED
High Income
16/138
21/180
11/190
23/136
Currency in UAE
Natasha Roston is Head of People and Growth at Trade Finance Global (TFG).
Natasha builds partnerships with Universities and external stakeholders to improve trade education projects. She is passionate about delivering innovative learning experiences to maximize engagement.
In 2022, Natasha led TFG’s Women In Trade campaign on #BreakTheBias, writing an article on the impact of gender stereotypes for gender equality in the workplace.
Natasha is also responsible for TFG careers, culture, and growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing and professional development of the team.
Natasha worked in education for over a decade before joining TFG. Initially in formal education as a history teacher, and then in leadership roles as a Director of Learning and Head of Classics. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.
In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer.
She holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade.