In 2022 the trade turnover between Russia and the UAE reached its record high of $9 billion


Deputy Prime Minister of the Russian Federation – Minister of Industry and Trade of the Russian Federation Denis Manturov told reporters that the trade turnover between Russia and the UAE in 2022 reached a record high.

«The partnership between the countries is developing steadily, and this positive dynamics is reflected in the statistics of Russian-Emirati trade. According to our data, in 2022 the trade turnover between Russia and the UAE increased by 68% and reached $9 billion. This is a record level in the history of relations between our countries,» he said.

Manturov also clarified that the volume of exports from Russia to the UAE increased by 71%, to $8.5 billion, and imports — by 6%, to $500 million. According to these indicators, the UAE retained the first place among the countries of the Arab world in terms of trade turnover with the Russian Federation.

As you know, Denis Manturov, at the head of the Russian delegation, visited the UAE to participate in the International Defense Industry Exhibition IDEX-2023, where he held a number of meetings with foreign partners. In the Russian pavilion of Rosoboronexport, products were presented by Almaz-Antey, Ulyanovsk Cartridge Plant, as well as Rostec State Corporation companies. In total, more than 200 types of products were presented, some of which were tested in real combat conditions, which makes it possible to improve their tactical and technical characteristics.

«I would like to note that over the past 15 years, the export of Russian weapons to the states of the Middle East has been quite stable. Therefore, despite the sanctions pressure, the countries of this region remain reliable partners of Russia in the field of military-technical cooperation, and this interaction, in my opinion, has good prospects,» Manturov said.