UAE's top trading partners and trade activitiesGold, aluminum, oils, and cigarettes are among the country's most prominent exports. Iron exports registered the highest growth in 2022, followed by jewelry.
The main export commodities include natural gas and crude oil, as well as foodstuffs and products which will be re-exported. Dubai also exports metals, like aluminum or copper, where the main export partners are Japan, South Korea, Thailand, India, and Iran.
Natural gas and crude oil are the main export commodities in the UAE. Dubai also, exports metals such as Gold, Diamond, aluminum, and copper, to Japan, South Korea, Thailand, India, and Iran including other western and European countries.
Tourism: Dubai is a popular tourist destination, and the tourism industry is a major contributor to the city's economy. The city is home to a number of world-renowned attractions, such as the Burj Khalifa, the Palm Jumeirah, and the Dubai Mall, and it hosts a number of major events and festivals throughout the year.
Imports The top imports of United Arab Emirates are Gold ($46B), Broadcasting Equipment ($18.5B), Refined Petroleum ($16.7B), Diamonds ($13.6B), and Cars ($9.3B), importing mostly from China ($46.4B), India ($25.4B), United States ($14.9B), Saudi Arabia ($14B), and Germany ($8.44B).
Fitch projects that Dubai's debt will decease to the equivalent of 53% of GDP by end-2023, from 62% in 2022. Our estimate is based on IMF data, adjusted for the latest repayments, to which we add loans from Emirates NBD which the IMF does not include in its debt metric.
Dubai's government generates revenue through various non-tax sources, including fees, levies, and charges on services such as licensing, customs, property registration, tourism-related activities, and government-owned entity income.
The city is home to over 68 thousand millionaires, over 200 centimillionaires (with a net worth over $100 million) and 15 billionaires. Year after year, a growing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) are choosing to relocate and settle in Dubai.
The discovery of oil in 1966 changed everything and transformed Dubai into a wealthy city almost overnight. Oil and gas exports generated huge revenues for the city and enabled it to invest in infrastructure, public services, and social programs.
Dubai is famous for a lot of things. In terms of shopping you can find many famous things from there. Some of them are: Lantern, Arabic Attar, Stones, Hookah, Pashmina shawls, Arabian coffee, Dubai spices.
As the eponymous capital of one of the UAE's 7 emirates, the city is known for its riches, its glitzy and innovative development and architecture, and its shopping scenes.
The UAE's main imports are crude oil, refined petroleum products, machinery, vehicles, and food. The UAE's main exports are crude oil, natural gas, re-exports, and aluminum.
Its strategic global location, combined with business-friendly policies and future-forward infrastructure, have shaped Dubai into a leading global trade, finance and e-commerce powerhouse.
China is Dubai's largest trading partner, contributing US$29 billion to the economy in 2019, a 6% increase on the year before. India is the second-biggest trading partner, contributing over US$27 billion, a growth of 16% followed by the USA with US$15.5 billion and Switzerland US$12.7 billion.
Dubai offers free healthcare to every Emirati citizen. Expats or other nationals employed in Dubai will receive basic medical insurance through their employers, which is not free, and the coverage is also limited.
The average monthly cost of living in Dubai for one person is USD $1,975. The average monthly cost of living for a family in Dubai is USD $4,546. Expats should know Dubai ranks in the top 17% most expensive cities in the world and is considered the most expensive city in the United Arab Emirates.
UAE crime rate & statistics for 2021 was 0.47, a 32.88% decline from 2020. UAE crime rate & statistics for 2020 was 0.70, a 0.73% increase from 2019. UAE crime rate & statistics for 2019 was 0.69, a 3.25% increase from 2015.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 2nd largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.
Unlike Western countries, the UAE treats debt as a criminal matter rather than a civil one. The result being that if a borrower is late with payments, they can be sentenced to jail for up to three years.
Dubai's population grew to over 3.55 million in 2022, official statistics show, up 2.1% from 2021, and 4% since 2020; S&P estimates it to surpass 4 million by 2026.
Imports The top imports of United Kingdom are Gold ($53.9B), Cars ($33.6B), Petroleum Gas ($26.8B), Crude Petroleum ($23.4B), and Packaged Medicaments ($15.2B), importing mostly from China ($86.2B), Germany ($76.3B), United States ($55.5B), Netherlands ($43.1B), and Norway ($33.5B).
In October 2023 the top imports of United States were Cars ($19B), Crude Petroleum ($14.6B), Telephones ($12.7B), Commodities not elsewhere specified ($11.2B), and Computers ($10.7B).
