In 2024, the UAE and China’s merchandise trade volume has increased significantly, reaching $42.14 billion (154.78 billion dirhams) during the first five months, up from $39.58 billion (145.38 billion dirhams) in the same period in 2023. This represents a 6.46% increase. The UAE’s exports to China have decreased slightly by 1.66%, while imports from China have increased by 12%. The trade balance surplus between the two countries remained in favor of China, with a surplus of about $10.2 billion ($37.47 billion) compared to a surplus of $7.1 billion ($26 billion) in the same period in 2023.
During May 2024, the volume of merchandise trade between the UAE and China increased by 9.39%, reaching $8.85 billion (32.51 billion dirhams), but this figure was down by 1% from May 2023’s total of $9 million (34 million dirhams). In May, China exported goods worth $5