Exports in United Arab Emirates

United Arab Emirates Exports | Economic News & Forecasts

United Arab Emirates - Exports

Although the economy appears to be revving up in the second quarter after a likely subdued first quarter, external headwinds continue to constrain momentum. Chiefly, OPEC+ oil production cuts since January continue to drag on growth and, with the U.S.-China trade war weighing on oil prices, the cuts are likely to be extended past June, which would further dampen growth in the coming quarters. Moreover, a supply overhang continues to undermine the real estate sector. Nevertheless, in April, momentum in the non-oil economy picked up despite weak job creation, while business confidence reached a record high, according to PMI data. Furthermore, the government recently waived fees for many government services and created a permanent residency framework for investors and skilled foreigners, which should support investment and business activity going forward.

United Arab Emirates - Exports Data

2013  2014  2015  2016  2017  
Exports (USD billion)371  343  300  299  -     

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United Arab Emirates Facts

ValueChangeDate
Exchange Rate3.670.0 %Jun 14
Stock Market0.20.75 %Jun 14

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