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The Gulf government has long complained about the group's quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC's influence.
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The group of oil-producing countries supplied more than 25 percent of the world's oil before the war in Iran. Its members have influenced energy markets through the years.
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The departure weakens the Organization of the Petroleum Exporting Countries, long criticized by Trump, as the global economy reels from the Iran war energy shock.
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The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.
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The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.
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