Dubai is a major global hub for trade, and its economy is heavily reliant on the sector. In 2023, the value of trade in Dubai is expected to reach US$1.2 trillion, up from US$1 trillion in 2022. Several factors are driving this growth, including the strong global economy, Dubai’s strategic location, and its investment in infrastructure.
Trading Partners
The top five trading partners of Dubai in 2023 are:
- India
- China
- Saudi Arabia
- Iran
- United States
Trade Fairs
Dubai is also home to a number of major trade fairs, which attract buyers and sellers from all over the world. The most important trade fairs in Dubai in 2023 are:
- Gulfood
- Gitex
- Arab Health
- Cityscape
- The Big 5
The outlook for trade in Dubai in 2023 is positive. The global economy is expected to continue to grow, and Dubai’s strategic location and investment in infrastructure will make it an attractive destination for trade.
Commodities
The most important commodities traded in Dubai in 2023 are:
- Gold
- Oil
- Diamonds
- Textiles
- Machinery
Statistics
Here are some additional statistics about trade in Dubai in 2023:
- The average value of trade per day in Dubai is US$3.3 billion.
- Dubai’s trade sector employs over 2 million people.
- Dubai is the world’s largest re-export hub.
- Dubai is the world’s third-largest gold trading center.
The value of Dubai’s trade in goods has been growing steadily in recent years and is expected to continue to grow in the coming years. Dubai’s trade is increasingly diversified, with a growing number of countries and commodities being traded. Dubai is a major hub for trade in the Middle East and North Africa region and plays an important role in connecting these markets with the rest of the world.