UNITED ARAB EMIRATES

The economy of the United Arab Emirates (or UAE) is the fourth largest in the Middle East after Turkey, Saudi Arabia and Iran. The UAE has been successfully diversifying its economy, particularly in Dubai, but still remains heavily reliant on revenues from petroleum and natural gas, which continue to play a central role in its economy. Tourism is one of the bigger non-oil sources of revenue in the UAE. In 2019 United Arab Emirates was the number 28 economy in the world in terms of GDP the number 24 in total exports, the number 22 in total imports, the number 22 economy in terms of GDP per capita and the number 56 most complex economy according to the Economic Complexity Index (ECI). GDP estimate for 2019-20 is $421.142 billion in which more than 85% is on petroleum and natural gas. Agriculture sector contribution in UAE GDP is up to 0.9%. there for high demand for agriculture products in UAE. The UAE 1st in the fresh vegetables and 3rd in the fresh fruit importer of the INDIA. Dubai (largest city of UAE) are the 3rd largest re-export hub in the world. In 2019 UAE import up to $235B. In 2019 India export 12.2% of UAE import. And it is shows growth by 8% in 2021. The UAE importing mostly from China ($35.5B), India ($28.6B), United States($17.1B), Germany ($9.72B), and United Kingdom ($9.52B).