Tuesday, July 8, 2025

UAE Economy 7-8-25

United Arab Emirates is a member of the Abraham Accords. 

In 2025, the Nominal GDP for UAE is $548.6 billion. The Per capita GDP is $51,290. Population is 11,350,000.

Inflation is 2.1%. Unemployment is 2.6%. Land Area is 32,278 sq miles. Agricultural Land is 1,512 sq miles.

Imports $244 billion. Exports $762 billion.

In 2025, the UAE's top trading partners for imports are likely to include China, the United States, India, Japan, and Germany. Key exports include crude petroleum, refined petroleum, gold, and telecommunications equipment. The UAE also actively engages in trade agreements, with recent deals signed with Malaysia, New Zealand, Kenya, Ukraine, and the Central African Republic. 

https://www.google.com/search?q=uae+trading+partners+2025

Here's a more detailed breakdown:

Key Import Partners

China: A major importer of goods into the UAE, particularly in areas like machinery and electronics. 

US: A significant trading partner, with the UAE being a key market for US goods and services in the Middle East, according to the U.S.-U.A.E. Business Council. 

India: A major trading partner, particularly for imports of machinery, vehicles, and other goods. 

Japan:  A long-standing partner with strong trade ties in various sectors, including energy and tourism. 

Germany: Another key importer of goods into the UAE. 

Key Export Partners:

China: A major destination for UAE exports, including crude and refined petroleum, according to The Observatory of Economic Complexity

India: A significant market for UAE exports, particularly in the areas of refined petroleum and gold. 

Japan: A major destination for UAE exports, including crude petroleum. 

Iraq: An important market for UAE exports, with significant trade in petroleum products. 

Saudi Arabia: A key trading partner within the GCC region. 

Trade Agreements:

The UAE has been actively pursuing Comprehensive Economic Partnership Agreements (CEPAs) with various countries, with recent deals signed with Malaysia, New Zealand, Kenya, Ukraine, and the Central African Republic. 

The UAE is also in the final stages of negotiations for a CEPA with Japan. 

These agreements aim to reduce trade barriers and promote investment between the UAE and its partners. 

https://www.google.com/search?q=uae+trading+partners+2025

Comments

The UAE is another stable country in the Middle East and is already engaged as a member of the Abraham Accords.

Norb Leahy, Dunwoody GA Tea Party Leader

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