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
Maha Al Gargawi: “This valuable platform will serve as the voice of the Georgian business community in Dubai, paving the way for enhanced advocacy that will contribute to the sustainable success of companies from Georgia in the emirate.” Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers…
Read more
Khalid Al Jarwan: “The chamber’s attestation service plays a key role in enhancing the trust and credibility of all documents processed through this vital service.” The chamber recorded 17.3% growth in the number of customers accessing its attestation service during the first six months of this year. Dubai Chamber of…
Read more
Mohammad Ali Rashed Lootah: “The Dubai Chamber of Commerce ESG Label addresses the need for a holistic approach to sustainable business practices that benefits society and the environment, while also supporting our mission to promote good governance and ethical business practices.” The label’s development frameworks relied on a comprehensive evaluation…
Read more
3,968 new Pakistani companies and 2,355 new Egyptian companies joined the chamber’s membership. Syrian companies secured fourth place on the list with 1,358 new additions to the chamber’s membership. 1,245 new companies from the United Kingdom joined the chamber’s membership during H1 2024, followed by 1,119 new Bangladeshi companies. Iraq…
Read more
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