GCC markets accounted for 53.9% of Dubai Chamber of Commerce members’ exports and re-exports during H1 2024 and top list of export destinations with value of AED 78.6 billion
- Non-GCC Middle Eastern countries contributed 23.9% to total exports, with a combined value of AED 34.9 billion.
- Africa ranked third, with 9.9% of exports valued at AED 14.5 billion.
- The Asia-Pacific region ranked fourth, accounting for 9.2% of exports with a value of approximately AED 13.4 billion.
Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the Gulf Cooperation Council (GCC) market remained the top global export and re-export destination for its member companies during the first half of 2024.
The GCC region accounted for 53.9% of total exports and re-exports with a combined value of around AED 78.6 billion, underlining the market’s continuing significance for the chamber’s members.
Non-GCC countries in the Middle East region ranked second among members’ top export destinations, accounting for 23.9% of exports and re-exports with a total value of AED 34.9 billion.
African markets ranked third among the leading destinations for members’ exports and re-exports during H1 2024, accounting for 9.9% of the total with a combined value of AED 14.5 billion.
The Asia-Pacific region ranked fourth on the list, accounting for 9.2% of exports with a value of approximately AED 13.4 billion.
European markets came in fifth place, accounting for 1.9% of total exports and re-exports with a value of AED 2.8 billion. Meanwhile, North America ranked sixth with 0.6% of the total exports and re-exports and a combined value of AED 946 million.
Latin American markets ranked seventh, accounting for around 0.6% of total exports and re-exports with a value of approximately AED 839 million.
The combined value of exports and re-exports by all members of Dubai Chamber of Commerce reached approximately AED 145.9 billion during H1 2024, with the chamber issuing 372,720 certificates of origin.
Other News
Khalid Al Jarwan: “We are committed to protecting the interests of the business community, and our mediation service represents another essential tool that enhances the competitiveness of Dubai’s favourable business environment.” Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers,…
Read more
Abdul Aziz Abdulla Al Ghurair: “The chamber’s activity during the first half of the year reflects the emirate’s growing position as a global capital for business, trade, and investment in line with the goals of the Dubai Economic Agenda (D33).” A total of 372,000 certificates of origin were issued during…
Read more
Mohammad Ali Rashed Lootah: “We are keen to promote the adoption of parent-friendly practices among institutions and businesses, which has a positive impact on the community, enhances the work environment, and strengthens Dubai’s position as a highly attractive destination for leading global talent.” Sana Mohamed Suhail: “Collaborating with Dubai Chambers…
Read more
Maha Al Gargawi: “Business Councils serve as important platforms to enhance cooperation, develop promising opportunities, and build fruitful partnerships.” Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Colombian Business Council to strengthen bilateral…
Read more
Maha Al Gargawi: “We are committed to empowering Business Councils to contribute to increasing promising opportunities between the private sector in Dubai and business communities around the world.” A total of 108 companies from Mexico were registered as active members of Dubai Chamber of Commerce at the end of Q1…
Read more