Analysis of the openness of the economy and foreign trade relations of the UAE at the present stage

The article is devoted to the assessment of the openness of the economy of the UAE at the present stage, as well as the analysis of its foreign trade relations. The results of the calculation of the foreign trade quota showed that the UAE economy is relatively open. The main export partners are the countries of the Middle East and Southeast Asia. Imports are dominated by developed economies such as the United States and Germany. The main export of the UAE is mineral fuel, the proportion of which is gradually decreasing. The main imports of the UAE are machinery and equipment, electronics, vehicles. A key trend in the development of foreign trade relations in recent years is a significant diversification of foreign trade, both in terms of commodity and in terms of partnership structure.