If we add Australia & N. Z., Africa, other Arab countries & other countries; at least 70% of these countries trade with the UAE were done using US dollars or a currency pegged to the US dollar. Japan exports (UAE imports) are 69.5% denominated in US dollar, as per Bank of Japan letter to myself.
Also Imports from the UK should be at least 50% denominated in US dollar. This leaves the Euro Area which represents only 20% of UAE imports, which could be purely denominated in a non-US dollar currency. On the other hand, about 70% of our exports are priced in US dollars, i.e. our oil and gas exports. 3.