Exports in United Arab Emirates

United Arab Emirates Exports (%) | Economic News & Forecasts

United Arab Emirates - Exports (percent change)

Although the economy likely posted a somewhat subdued performance in the first quarter of the year, economic momentum appears to have picked up at the end of the quarter and heading into Q2. Oil production cuts agreed to by the UAE as part of an OPEC+ deal restrained growth in Q1, while activity in Dubai likely remained hampered by a feeble real estate market. Moreover, PMI data shows the non-oil sector slowed considerably in February amid steep price competition and weak external demand. Nevertheless, the sector rebounded in March before further extending its gains in April, with the PMI reaching an over one-year high as export demand—notably from Europe and the country’s Gulf partners—recovered. In the same month, business sentiment surged to a record high, boding well for momentum in the months ahead.

United Arab Emirates - Exports (%) Data

2013  2014  2015  2016  2017  
Exports (annual variation in %)3.2  -7.6  -12.4  -0.6  -     

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United Arab Emirates Facts

Exchange Rate3.670.0 %May 13
Stock Market0.20.75 %May 13

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