Overview: In 2018 United Arab Emirates was the number 28 economy in the world in terms of GDP (current US$), the number 26 in total exports, the number 21 in total imports,
the number 21 economy in terms of GDP per capita (current US$) and the number 55 most complex economy according to the Economic Complexity Index (ECI)
In 2018, United Arab Emirates exported a total of $242B, making it the number 26 exporter in the world. During the last five reported years the exports of United Arab Emirates have changed by $26.4B from $215B in 2013 to $242B in 2018.
In 2018 United Arab Emirates imported $232B, making it the number 21 trade destination in the world. During the last five reported years the imports of United Arab Emirates changed by $8.55B from $223B in 2013 to $232B in 2018.
United Arab Emirates Exports Services (2015): $27.2B
United Arab Emirates Imports Services (2015): $24.4B
In 2015, United Arab Emirates exported $27.2B worth of services. The top services exported by United Arab Emirates in 2015 were Travel ($16B), Transportation ($10.3B), and Government services, n.i.e. ($871M).
The top services imported by United Arab Emirates in 2015 were Travel ($15.1B), Transportation ($8.06B), and Government services, n.i.e. ($1.2B).
This section shows forecasts for total product exports and imports for United Arab Emirates. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for United Arab Emirates are:136: Most Favoured Nation duty rate treatement217: Preferential tariff for European Free Trade Association (EFTA) countries231: Preferential tariff for Gulf Cooperation Council (GCC)299: Preferential tariff for Singapore313: Preferential tariff for the League of Arab States
During the last 20 years United Arab Emirates's economy has become relatively más complex, moving from the 76th to the 55th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The top export opportunities for United Arab Emirates according to the relatedness index, are Ammonia (0.18), Wheat Flours (0.18), Raw Cotton (0.18), Other Oily Seeds (0.18), and Non-fillet Fresh Fish (0.17). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that United Arab Emirates is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
United Arab Emirates
