Dubai Chamber of Commerce
The GCC was the top export market for Dubai Chamber members between January and August 2021. Image Credit: SUPPLIED

Dubai: The value of exports and re-exports of Dubai Chamber members increased 21.8 per cent year-on-year to reach Dh147.3 billion in the January-August 2021 period.

The Chamber pointed out that the exports and re-exports of its members recorded year-on-year growth of 43.9 per cent, reaching Dh21.4 billion in August 2021. A total of 58,154 certificates of origin were issued by Dubai Chamber in August, up from 48,129 certificates in July.

As a region, the GCC was the top export market for Dubai Chamber members. Chamber members’ exports and re-exports to the GCC countries recorded growth of 16.4 per cent year-over-year to Dh79.6 billion in the first eight months of 2021.

GCC markets accounted for 53 per cent of the total exports and re-exports of members during the month. Members’ exports and re-exports to GCC countries reached Dh11.4 billion in August 2021, jumping 37 per cent compared to the previous month.

Chamber members’ exports and re-exports to the top 10 non-GCC markets recorded a growth rate of over 31 per cent during the first eight months of 2021.

Hamad Buamim

Hamad Buamim, President & CEO of Dubai Chamber noted that Dubai Chamber is working closely with its partners in the public and private sector to support the five-year plan to boost Dubai’s foreign trade from Dh1.4 trillion to Dh2 trillion.

He noted that Dubai Chamber’s representative offices around the world are play a crucial role in identifying export opportunities for Dubai Chamber enhance economic competitiveness and drive sustainable growth. He expects Expo 2020 Dubai to be a catalyst for boosting trade activity and fostering cross-border economic cooperation.