Dubai Chamber exports, re-exports grew 21.8% to Dhs147bn in January-August 2021

The value of exports and re-exports of Dubai Chamber members increased 21.8 per cent year-over-year to reach Dhs147.3bn in January-August 2021.

The Chamber added that the exports and re-exports of its members recorded a year-on-year growth of 43.9 per cent, reaching Dhs21.4bn in August 2021. A total of 58,154 certificates of origin were issued by Dubai Chamber in August 2021, up from 48,129 certificates in the previous month.

The GCC was the top export market for Dubai Chamber members between January and August 2021. Chamber members’ exports and re-exports to the GCC countries during the first eight months of the year recorded a growth of 16.4 per cent year-on-year to Dhs79.6bn.

Value of exports & re-exports of @dubaichamber members reach 147 AED billion in January-August 2021, with 21.8% year-on-year growth during the same period. pic.twitter.com/cSnilbiNMT

— Dubai Media Office (@DXBMediaOffice) September 13, 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 Dhs11.4bn 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, president and CEO of Dubai Chamber, the entity is working closely with the government and private sector to support the five-year plan announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to boost Dubai’s foreign trade from Dhs1.4 trillion to Dhs2 trillion.

He noted that Dubai Chamber’s representative offices around the world are playing a crucial role in identifying export opportunities for Dubai Chamber members, and noted that the upcoming Expo 2020 Dubai is expected to further boost cross-border economic cooperation.

Over 6,000 new member companies joined Dubai Chamber in the first three months of 2021, marking a growth rate of 38.6 per cent year-on-year.

In June, Sheikh Mohammed approved a new board of directors of Dubai Chambers. The board is chaired by Abdulaziz Al Ghurair and its members include Omar Al Futtaim, Khalid Jumaa Al Majid, Rajaa Al Gurg, Omar Al Olama, Sultan bin Sulayem, Butti Saad Al Kendi, Helal Saeed Al Marri, Faisal Jumaa Belhoul, Patrick Chalhoub, Ghassan Al Kibsi, Dr. Amina Al Rustamani and Tariq Hussain Khansaheb.

Read: Sheikh Mohammed approves new board of Dubai Chambers