United Arab Emirates Trade Balance

2009 - 2023 | Monthly | USD mn | CEIC Data

Key information about United Arab Emirates's Trade Balance

  • United Arab Emirates's Trade Balance recorded a deficit of 23.8 USD bn in Dec 2023, compared with a deficit of 24.4 USD bn in the previous month
  • United Arab Emirates's Trade Balance data is updated monthly, available from Jan 2009 to Dec 2023, with an averaged value of -12.7 USD bn
  • The data reached an all-time high of -7.4 USD bn in Sep 2009 and a record low of -26.3 USD bn in Oct 2023
CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports and converts it into USD. Federal Competitiveness and Statistics Centre provides Total Exports and Total Imports in local currency. The International Monetary Fund average market exchange rate is used for currency conversions. Total Exports exclude Oil exports. Trade Balance includes trade from customs warehouses and all type of free zones. Trade Balance prior to January 2017 excludes trade from customs warehouse and all type of free zones.

Further information about United Arab Emirates's Trade Balance

  • In the latest reports, United Arab Emirates's Total Exports reached 32.7 USD bn in May 2024, an increase of 17.9% YoY (year-on-year)
  • Total Imports recorded 35.8 USD bn in Dec 2023, an increase of 17.9% YoY (year-on-year)

View United Arab Emirates's Trade Balance from Jan 2009 to Dec 2023 in the chart:

United Arab Emirates Trade Balance

What was United Arab Emirates's Trade Balance in Dec 2023?

United Arab Emirates's Trade Balance recorded a deficit of 23.8 USD bn in Dec 2023, compared with a deficit of 24.4 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-23,791.1 Dec 2023 -24,401.8 Nov 2023 -26,326.0 Oct 2023 -7,439.0 Sep 2009 USD mn monthly Jan 2009 - Dec 2023

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -452.9 Sep 2024 monthly Oct 1998 - Sep 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 992.1 Sep 2024 monthly Jan 1991 - Sep 2024
Armenia (USD mn) -223.7 Sep 2024 monthly Nov 1995 - Sep 2024
Australia (USD mn) 3,119.6 Sep 2024 monthly Jul 1971 - Sep 2024
Austria (USD mn) 525.7 Jun 2024 monthly Jan 1957 - Jun 2024
Azerbaijan (USD mn) -255.8 Sep 2024 monthly Jan 2000 - Sep 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -1,707.2 Aug 2024 monthly Jul 1986 - Aug 2024
Belarus (USD mn) 258.8 Aug 2024 monthly Jan 2000 - Aug 2024
Belgium (USD mn) 1,658.0 Aug 2024 monthly Jan 1993 - Aug 2024
Bolivia (USD mn) 47.9 Aug 2024 monthly Oct 1994 - Aug 2024
Bosnia and Herzegovina (USD mn) -529.9 Sep 2024 monthly Jan 2000 - Sep 2024
Botswana (USD mn) -427.9 Aug 2024 monthly Jan 2001 - Aug 2024
Brazil (USD mn) 4,342.8 Oct 2024 monthly Jan 1959 - Oct 2024
Brunei (USD mn) 376.2 Aug 2024 monthly Jan 2010 - Aug 2024
Bulgaria (USD mn) -446.1 Aug 2024 monthly Jan 1995 - Aug 2024
Cambodia (USD mn) 82.9 Sep 2024 monthly Jun 2013 - Sep 2024
Canada (USD mn) -933.3 Sep 2024 monthly Jan 1988 - Sep 2024
Chile (USD mn) 1,816.0 Sep 2024 monthly Jan 1968 - Sep 2024
China (USD mn) 95,718.8 Oct 2024 monthly Jan 1992 - Oct 2024
Colombia (USD mn) -1,687.9 Aug 2024 monthly Jan 1958 - Aug 2024
Croatia (USD mn) -1,452.7 Jul 2024 monthly Jan 1993 - Jul 2024
Cyprus (USD mn) -740.7 Aug 2024 monthly Jan 1957 - Aug 2024
Czech Republic (USD mn) 3,296.4 Sep 2024 monthly Jan 1996 - Sep 2024
Denmark (USD mn) 4,118.0 Aug 2024 monthly Jan 1997 - Aug 2024
Ecuador (USD mn) 428.6 Aug 2024 monthly Mar 1992 - Aug 2024
Egypt (USD mn) -4,885.0 Aug 2024 monthly Jan 1957 - Aug 2024
Estonia (USD mn) -185.8 Aug 2024 monthly Jan 1993 - Aug 2024
European Union (USD mn) 8,744.1 Aug 2024 monthly Jan 2002 - Aug 2024
Finland (USD mn) 322.0 Sep 2024 monthly Jan 1992 - Sep 2024
France (USD mn) -8,122.8 Aug 2024 monthly Jan 2000 - Aug 2024
Georgia (USD mn) -707.9 Sep 2024 monthly Jan 1995 - Sep 2024
Germany (USD mn) 18,832.4 Sep 2024 monthly Jan 1957 - Sep 2024
Ghana (USD mn) 659.7 Aug 2024 monthly Mar 2005 - Aug 2024
Greece (USD mn) -2,936.2 Jul 2024 monthly Jan 2002 - Jul 2024
Hong Kong SAR, China (USD mn) -6,828.9 Sep 2024 monthly Jan 1957 - Sep 2024
Hungary (USD mn) 487.8 Aug 2024 monthly Jan 1976 - Aug 2024
Iceland (USD mn) -361.4 Oct 2024 monthly Jan 1957 - Oct 2024
India (USD mn) -20,780.0 Sep 2024 monthly Jan 1957 - Sep 2024
Indonesia (USD mn) 3,257.0 Sep 2024 monthly Jan 1967 - Sep 2024
Iran (USD mn) 32,176.0 2023 yearly 1948 - 2023
Ireland (USD mn) 6,101.1 Aug 2024 monthly Jan 1970 - Aug 2024
Israel (USD mn) -2,763.4 Sep 2024 monthly Jan 1988 - Sep 2024
Italy (USD mn) 4,479.6 Aug 2024 monthly Jan 1993 - Aug 2024
Ivory Coast (USD mn) -138.9 Jul 2024 monthly Jan 1981 - Jul 2024
Japan (USD mn) -1,309.8 Sep 2024 monthly Apr 1995 - Sep 2024
Jordan (USD mn) -1,203.4 Aug 2024 monthly Jan 1972 - Aug 2024
Kazakhstan (USD mn) 2,120.7 Aug 2024 monthly Sep 1995 - Aug 2024
Kenya (USD mn) -1,029.6 Aug 2024 monthly Oct 1992 - Aug 2024
South Korea (USD mn) 3,167.0 Oct 2024 monthly Jan 1966 - Oct 2024
Kosovo (USD mn) -476.8 Sep 2024 monthly Jan 2003 - Sep 2024
Kuwait (USD mn) 3,536.5 Jun 2024 monthly Jan 1993 - Jun 2024
Kyrgyzstan (USD mn) -459.6 Aug 2024 monthly Jan 2002 - Aug 2024
Laos (USD mn) -71.8 Jun 2024 quarterly Dec 1992 - Jun 2024
Latvia (USD mn) -369.9 Aug 2024 monthly Jan 1995 - Aug 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -498.1 Aug 2024 monthly Jan 1999 - Aug 2024
Luxembourg (USD mn) -835.8 Aug 2024 monthly Jan 1988 - Aug 2024
Macau SAR, China (USD mn) -1,153.0 Aug 2024 monthly Jan 1998 - Aug 2024
North Macedonia (USD mn) -213.7 Sep 2024 monthly Dec 1993 - Sep 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 1,253.2 Sep 2024 monthly Jan 1990 - Sep 2024
Malta (USD mn) -399.1 Aug 2024 monthly Jan 1960 - Aug 2024
Mauritius (USD mn) -411.8 Aug 2024 monthly Jan 2006 - Aug 2024
Mexico (USD mn) -167.5 Sep 2024 monthly Jan 1993 - Sep 2024
Moldova (USD mn) -503.5 Jul 2024 monthly Jan 1992 - Jul 2024
Mongolia (USD mn) 47.2 Sep 2024 monthly Jan 1997 - Sep 2024
Montenegro (USD mn) -317.1 Sep 2024 monthly Jan 2005 - Sep 2024
Morocco (USD mn) -2,651.3 Sep 2024 monthly Jan 1957 - Sep 2024
Mozambique (USD mn) 106.5 Jun 2024 monthly Jan 2011 - Jun 2024
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -903.3 Sep 2024 monthly Aug 1974 - Sep 2024
Netherlands (USD mn) 15,685.5 Sep 2024 monthly Jan 1996 - Sep 2024
New Zealand (USD mn) -1,312.0 Sep 2024 monthly Jan 1960 - Sep 2024
Nigeria (USD mn) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Norway (USD mn) 4,024.9 Sep 2024 monthly Jan 1957 - Sep 2024
Oman (USD mn) 1,667.1 Aug 2024 monthly Jan 1975 - Aug 2024
Pakistan (USD mn) -1,498.0 Oct 2024 monthly Jan 1968 - Oct 2024
Palestinian Territory (USD mn) -501.3 Aug 2024 monthly Jan 2011 - Aug 2024
Panama (USD mn) -1,137.9 Aug 2024 monthly Jan 1964 - Aug 2024
Paraguay (USD mn) -96.1 Sep 2024 monthly Jan 1994 - Sep 2024
Peru (USD mn) 1,811.9 Aug 2024 monthly Jan 1985 - Aug 2024
Philippines (USD mn) -5,087.0 Sep 2024 monthly Jan 1957 - Sep 2024
Poland (USD mn) -1,745.1 Aug 2024 monthly Jan 1986 - Aug 2024
Portugal (USD mn) -2,909.7 Aug 2024 monthly Jan 1957 - Aug 2024
Qatar (USD mn) 5,531.0 Jul 2024 monthly Jan 2014 - Jul 2024
Romania (USD mn) -3,174.6 Aug 2024 monthly Aug 1990 - Aug 2024
Russia (USD mn) 12,138.2 Aug 2024 monthly Jan 1998 - Aug 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -908.9 Sep 2024 monthly Jan 2001 - Sep 2024
Singapore (USD mn) 4,065.3 Sep 2024 monthly Jan 1976 - Sep 2024
Slovakia (USD mn) 155.3 Aug 2024 monthly Jan 2004 - Aug 2024
Slovenia (USD mn) -374.3 Sep 2024 monthly Nov 1991 - Sep 2024
South Africa (USD mn) 312.1 Aug 2024 monthly Oct 2004 - Aug 2024
Spain (USD mn) -3,511.9 Aug 2024 monthly Sep 1974 - Aug 2024
Sri Lanka (USD mn) -634.0 Sep 2024 monthly Jan 1982 - Sep 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 78.2 Sep 2024 monthly Jan 1957 - Sep 2024
Switzerland (USD mn) 5,262.3 Sep 2024 monthly Jan 1957 - Sep 2024

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United Arab Emirates Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.2 2020 yearly 1991 - 2020
Consolidated Fiscal Balance (USD mn) -827.229 2020 yearly 1991 - 2020
Tax Revenue (USD mn) 3,271.801 2020 yearly 1992 - 2020
Tax Revenue: % of GDP (%) 17.7 Mar 2024 quarterly Mar 2012 - Mar 2024
Forecast: Government Expenditure (AED bn) 612.294 2029 yearly 1991 - 2029
Forecast: Government Net Debt (AED bn) 770.595 2029 yearly 1999 - 2029
Forecast: Government Revenue (AED bn) 718.730 2029 yearly 1990 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.695 2028 yearly 1980 - 2028
Trade Balance (USD mn) -23,791.1 Dec 2023 monthly Jan 2009 - Dec 2023
Total Exports (USD mn) 31,877.4 Jul 2024 monthly Jan 1981 - Jun 2024
Total Exports Growth (%) 26.2 Jul 2024 monthly Jan 1982 - Jun 2024
Aluminum: Exports (USD th) 12,724,616.644 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,452,211.083 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 541,703.252 2022 yearly 1995 - 2022
Total Imports (USD mn) 35,752.6 Dec 2023 monthly Jan 2009 - Dec 2023
Total Imports Growth (%) 17.9 Dec 2023 monthly Jan 2010 - Dec 2023
Imports: Medicament (USD th) 3,706,000.420 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,120,012.879 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 589.240 Jul 2024 monthly Jan 1981 - Jun 2024
Total Imports from USA (USD mn) 2,460.360 Jul 2024 monthly Jan 1981 - Jun 2024
Total Exports to China (USD mn) 9,294.128 2023 yearly 2000 - 2023
Total Imports from China (USD mn) 77,419.160 2023 yearly 1970 - 2023
Exports: Non Oil: Volume (kg mn) 7,779.36 Dec 2017 monthly Jan 2009 - Dec 2017
Imports: General System: Volume (Ton) 10,463,066.231 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: Non Oil: General System: Volume (Ton) 9,744,350.286 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: Non Oil: General System: Value (AED mn) 43,928.637 Dec 2023 monthly Jan 2017 - Dec 2023
Imports: General System: Value (AED mn) 131,301.270 Dec 2023 monthly Jan 2017 - Dec 2023
Re-Exports: General System: Volume (Ton) 1,953,671.028 Dec 2023 monthly Jan 2017 - Dec 2023
Re-Exports: General System: Value (AED mn) 51,251.141 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: ytd: HS: Non-Oil: GS: Value: Base Metals and Articles of Base Metal (AED mn) 68,474.088 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: ytd: HS: Non-Oil: GS: Value: Foodstuff, Beverages, Spirits and Tobacco (AED mn) 32,146.274 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: ytd: HS: Non-Oil: GS: Value: Mineral Products (AED mn) 29,475.233 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: ytd: HS: Non-Oil: GS: Value: Pearls, Stones, Precious Metals and its Ar... (AED mn) 201,077.718 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: ytd: HS: Non-Oil: GS: Value: Plastic, Rubber and Articles (AED mn) 20,435.452 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: Non Oil: GS: ytd: Gulf Cooperation Council Countries: ow Saudi Arabia (AED mn) 39,417.347 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Singapore (AED mn) 6,952.494 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: Non Oil: GS: ytd: European Countries: ow Switzerland (AED mn) 35,304.040 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 43,299.339 Dec 2023 quarterly Mar 2017 - Dec 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Iran (Islamic Republic O... (AED mn) 1,878.339 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: ytd: HS: GS: Value: Pearls, Stones, Precious Metals and its Articles (AED mn) 421,900.235 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: ytd: HS: GS: Value: Base Metals and Articles of Base Metal (AED mn) 73,315.382 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: ytd: HS: GS: Value: Vegetable Products (AED mn) 30,364.924 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: ytd: HS: GS: Value: Mineral Products (AED mn) 86,312.196 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: ytd: HS: GS: Value: Chemical Products or Allied Industries (AED mn) 78,834.472 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow China (AED mn) 284,321.867 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 111,824.702 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow Japan (AED mn) 55,719.161 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: GS: ytd: European Countries: ow Germany (AED mn) 41,494.356 Dec 2023 quarterly Mar 2017 - Dec 2023
Imports: GS: ytd: American Countries: ow United States Of America (AED mn) 98,517.043 Dec 2023 quarterly Mar 2017 - Dec 2023
Import Value Index (2015=100) 131.931 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 101.834 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 111.444 2021 yearly 2000 - 2021
Export Value Index (2015=100) 141.495 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 22,545.9 2021 yearly 1980 - 2021
Current Account Balance (USD mn) 47,978.2 2021 yearly 1996 - 2021
Current Account Balance: % of GDP (%) 11.6 2021 yearly 1996 - 2021
Foreign Direct Investment (USD mn) 20,667.1 2021 yearly 1970 - 2021
Foreign Direct Investment: % of GDP (%) 5.0 2021 yearly 1972 - 2021
Foreign Portfolio Investment (USD mn) 1,225.323 2021 yearly 2002 - 2021
Forecast: Current Account Balance (USD bn) 45.467 2029 yearly 1980 - 2029
BoP: Current Account: Transfers: Net (AED bn) -205.800 2021 yearly 1996 - 2021
BoP: CF: Financial Account (AED bn) -96.800 2021 yearly 2002 - 2021
BoP: Current Account: Imports: CIF (AED bn) -996.800 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Outw... (AED bn) -82.800 2021 yearly 2002 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment (AED bn) -6.900 2021 yearly 2002 - 2021
BoP: Current Account: Imports: FOB (AED bn) -897.100 2021 yearly 2001 - 2021
BoP: Current Account: Exports and Re-Exports (AED bn) 1,187.400 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Portfolio Investment (AED bn) 4.500 2021 yearly 2002 - 2021
BoP: Current Account: Trade Balance: FOB (AED bn) 290.300 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Inwa... (AED bn) 75.900 2021 yearly 2002 - 2021
BoP: Current Account: Services: Net (AED bn) 94.500 2021 yearly 1996 - 2021
BoP: Capital and Financial Account (CF) (AED bn) -96.800 2021 yearly 1996 - 2021
BoP: Current Account (AED bn) 176.200 2021 yearly 1996 - 2021
BoP: Current Account: Investment Income: Net (AED bn) -2.700 2021 yearly 2001 - 2021
BoP: Net Errors and Omissions (AED bn) 5.300 2021 yearly 1996 - 2021
BoP: Current Account: Services: Debit (AED bn) -265.500 2018 yearly 2001 - 2018
BoP: Current Account: Services: Credit (AED bn) 263.800 2018 yearly 2001 - 2018
BoP: Change in Reserves (AED bn) -85.000 2021 yearly 1996 - 2021
BoP: Current Account: Trade Balance: CIF (AED bn) 176.200 2019 yearly 2001 - 2019
Foreign Direct Investment: Mining and Quarrying (AED mn) 38,519.597 2016 yearly 2005 - 2016
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.0 Mar 2024 quarterly Mar 2009 - Mar 2024
Household Debt: % of GDP (%) 106.2 2021 yearly 2013 - 2021
Money Supply M1 (USD mn) 240,730.020 Jun 2024 monthly Jun 1991 - Jun 2024
Money Supply M2 (USD mn) 590,698.843 Jun 2024 monthly Jun 1991 - Jun 2024
M2 Growth (%) 16.9 Jun 2024 monthly Jun 1992 - Jun 2024
Reserve Requirement Ratio (%) 1.0 Oct 2024 monthly Jan 2000 - Oct 2024
Foreign Exchange Reserves (USD mn) 200,135.4 Jun 2024 monthly Jun 1973 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 37.335 Mar 2024 quarterly Dec 2012 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 5.0 Dec 2023 monthly Jan 2009 - Dec 2023
Gold Reserves (USD mn) 5,794.418 Jul 2024 monthly Dec 1974 - Jul 2024
Total Deposits (USD mn) 744,981.348 Jul 2024 monthly Dec 2003 - Jul 2024
Total Deposits Growth (%) 14.3 Jul 2024 monthly Dec 2004 - Jul 2024
Domestic Credit (USD mn) 421,188.8 May 2024 monthly Jan 1975 - May 2024
Domestic Credit Growth (%) 4.0 May 2024 monthly Jan 1976 - May 2024
Household Debt (USD mn) 457,475.8 Apr 2023 monthly Dec 2013 - Apr 2023
Total Loans (USD mn) 496,041.661 Jul 2024 monthly Dec 2013 - Jul 2024
Total Loans Growth (%) 6.28 Jul 2024 monthly Dec 2014 - Jul 2024
Private Debt: % of Nominal GDP (%) 66.72 Mar 2024 quarterly Dec 2013 - Mar 2024
Reserve Requirement Ratio: Current, Savings and Call Deposits (%) 11.000 Oct 2024 monthly Jan 2000 - Oct 2024
Banks Deposits (AED mn) 2,735,944.000 Jul 2024 monthly Dec 2003 - Jul 2024
Banks Credit: Gross: Residents (AED mn) 1,486,531.000 Jun 2018 monthly Dec 2013 - Jun 2018

More Indicators for United Arab Emirates

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