The United Arab Emirates is among the world’s most dynamic markets in terms of foreign trade, with trade accounting for 167% of the GDP according to the latest available data from World Bank. The country is one of the world’s top 20 largest exporters and importers of commodities and the largest trading nation in the Middle East. Oil products are by far the largest item of exports (the country is the world’s 5th oil exporter), followed by gold, telephone sets, diamonds, and jewelry. Gold is also among the major imports, along with telephones, diamonds, motor cars, and jewelry.

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https://www.lloydsbanktrade.com/en/market-potential/united-arab-emirates/trade-profile