Imports of Goods and Services for United Arab Emirates
AREBMUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
513,571,043,862.70
Year-over-Year Change
75.22%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Imports of Goods and Services for United Arab Emirates' trend measures the total value of goods and services imported into the UAE economy. This metric is closely watched by economists and policymakers to assess the country's trade balance and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the dollar value of imports into the UAE, including both merchandise goods and services. It provides insight into the UAE's reliance on foreign sources for consumption, production inputs, and investment. The data is used to calculate the UAE's trade deficit or surplus and evaluate its economic health and trade policies.
Methodology
The data is collected by the UAE Central Bank through surveys of domestic businesses and import transactions.
Historical Context
Policymakers and market analysts use this import data to forecast economic growth, monitor trade imbalances, and assess the UAE's global competitiveness.
Key Facts
- The UAE is one of the world's largest importers of goods and services.
- Imports make up over 80% of the UAE's total trade volume.
- The UAE runs a persistent trade deficit, with imports exceeding exports.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods and Services for United Arab Emirates' metric tracks the total dollar value of all goods and services imported into the UAE economy.
Q: Why is this trend relevant for users or analysts?
A: This import data is crucial for evaluating the UAE's trade balance, international competitiveness, and reliance on foreign sources for consumption and production.
Q: How is this data collected or calculated?
A: The data is collected by the UAE Central Bank through surveys of domestic businesses and import transactions.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this import data to forecast economic growth, monitor trade imbalances, and assess the UAE's global competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag.
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Gross Domestic Product in Constant Prices for United Arab Emirates
ARENGDPRPCHPT
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Citation
U.S. Federal Reserve, Imports of Goods and Services for United Arab Emirates (AREBMUSD), retrieved from FRED.