Dubai Trade Increases By 9%, Says DCCI Head

Dubai Chamber of Commerce and Industry’s (DCCI) members’ yearly exports and re-exports reached Dhs 268 billion in 2012.

The Annual Report 2012 released by Dubai Chamber today indicates that the total value of its members’ trade was nine per cent higher than the same period in 2011, when exports and re-exports valued Dhs 246 billion.

Monthly exports and re-exports were greatest in May, with a monthly tally of Dhs 28 billion, while the monthly figure of around Dhs 20 billion in February was the lowest during the 12-month period.

The annual data showed the number of certificates of origin (COs) issued for the year totalled 747,941 which is an increase of seven per cent compared to 698,056 COs issued in 2011. The month with the highest number of COs was May with 69,460, while the month with the lowest was August with 56,498 certificates issued.

H.E. Hamad Buamim, director general, Dubai Chamber, said that Dubai Chamber’s new strategy of exploring key global markets had helped its members in the trade community expand their operations overseas.

”Our annual figures show that 2012 was a very successful year as our members achieved unprecedented monthly export figures. Trade, along with tourism, logistics and financial services, continue to play vital roles as key drivers of the emirate’s economic growth,” he said.

He said that Dubai Chamber had seen a 20 per cent rise in its annual new membership, from 10,634 in 2011 to 12,733 in 2012, taking its total membership to over 140,000.