In 2023, Russia sold USD 6.45 billion of goods to United Arab Emirates and bought USD 4.49 billion from it. Both are members of BRICS. Their agreement score in UN General Assembly voting was 66 percent in 2023, and 70 percent on average over 2019 to 2023. In 2023, Russia sold USD 1.16 billion of mineral fuels and oils to United Arab Emirates and bought USD 183 million from it.
Benefits
BothTrade in goods runs both ways in similar amounts: Russia sold USD 6.45 billion and United Arab Emirates sold USD 4.49 billion in 2023.
BothTwo-way trade in mineral fuels and oils grew about 11 times, from USD 127 million in 2019 to USD 1.34 billion in 2023.
BothTwo-way trade in machinery, vehicles and iron and steel grew about 3.4 times, from USD 328 million in 2019 to USD 1.13 billion in 2023.
Constraints
BothFlows are one-sided: in 2023, Russia sold USD 1.16 billion of mineral fuels and oils, against USD 183 million the other way.
BothTwo-way trade in critical minerals and metals fell 82 percent, from USD 114 million in 2019 to USD 21.0 million in 2023.
BothFlows are one-sided: in 2023, United Arab Emirates sold USD 954 million of machinery, vehicles and iron and steel, against USD 176 million the other way.