UAE-Israel trade hits record high to reach $2.56bn in 2022 

RIYADH: Bilateral trade between the UAE and Israel more than doubled in 2022 after the countries signed a free trade agreement in May to reduce tariffs on the majority of goods. 

“Trade in goods (excluding software) between Israel and the UAE reached a new record in 2022 and stands at $2.56 billion compared to $1.22 billion in 2021,” Israel’s Ambassador to the UAE Amir Hayek stated in a tweet.  

He added this is an increase of 109.7 percent, which places the UAE at 16th position out of 126 countries with which Israel trades.