UAE, Ethiopia non-oil trade exchange surges 180%

Shutterstock [For illustration]

The UAE and Ethiopia have seen an 180 per cent increase in their non-oil trade over the past ten years with the total value exceeding AED 34 billion between 2013 and 2022.

In 2022 alone, the two countries recorded more than AED 5.1 billion in non-oil trade, more than double the figure in 2013.

Breakdown of UAE-Ethiopia trade in 2022

The UAE exported non-oil products worth AED 773 million to Ethiopia, with re-exports reaching AED 2.03 billion, and imports totalling AED 2.3 billion.

Ethiopia’s top imports from the UAE included mineral oils worth AED 183 million, raw gold (AED 58 million), pulses (AED 48 million), pre-fabricated buildings (AED 38 million), and iron and steel structures and parts worth AED 28 million.

The UAE also re-exported certain goods to Ethiopia, such as automobiles (AED 334 million), jewellery and ornaments (AED 225 million), vaccines (AED 199 million), self-processing information and communication machinery (AED 159 million), and communication devices and equipment (AED 125 million).

The UAE’s top three imports from the African nation in the previous year were raw gold, meat and coffee.

More from Business

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    11:00pm - 6:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.