Dubai: A surge in trade activity in Dubai lifted the value of exports and re-exports of Dubai Chamber members by 21.8 percent year-over-year to reach AED 147.3 billion ($40 billion) in January-August 2021 period.
The Chamber said the exports and re-exports of its members recorded year-over-year growth of 43.9 percent, reaching AED 21.4 billion 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 July 2021.
As a region, 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 January-August 2021 period recorded growth of 16.4 percent year-over-year to AED 79.6 billion in the first eight months of 2021.
GCC markets accounted for 53 percent of the total exports and re-exports of members during the month. Saudi Arabia ranked first, claiming 42 percent of the member export value.
Members’ exports and re-exports to GCC countries reached AED 11.4 billion in August 2021, jumping 37 percent compared to the previous month.
Outside of the GCC, Egypt was the largest export market as member exports to the country reaching AED 1.9 billion in August 2021. Chamber members’ exports and re-exports to the top 10 non-GCC markets recorded a growth rate of over 31 percent during the first eight months of 2021.
