Feb 21, 2023

Trade turnover between Russia and UAE reached 9 billion dollars in 2022

The 2022 results show 68% increase of trade turnover between Russia and the UAE thus reaching a record level of 9 billion dollars”, as Deputy Prime Minister and Minister of Industry and Trade of the Russian Federation Denis Manturov told in the frames of IDEX 2023 in Abu Dhabi. According to Manturov, in 2022, exports from Russia to the UAE amounted to 8.5 billion dollars (+71%) and imports – to 500 million dollars (+6%).In 2021, the trade turnover between the two countries amounted to 5.36 billion dollars.

"Partnership between our countries is on the rise, and this positive trend is reflected in the statistics of Russian-UAE trade.According to our data, 2022 trade turnover between Russia and the UAE reached 9 billion dollars.It is a record level in the history of relations between our countries.

The UAE has retained its first place among the countries of the Arab world in terms of trade with the Russian Federation," Denis Manturov said.

See the most notable UAE business news online in the Telegram channel - Russia-UAE Trade House

(TASS, February 20, 2023)