The trade sector in Dubai remains strong despite the current headwinds, Dubai Chamber said
Dubai’s exports and re-exports surged to 147 billion dirhams ($40 billion) in eight months, fuelled by a rebound in trade activity as the Expo 2020 draws closer, according to the Dubai Chamber.
During the month of August, Dubai Chamber members registered 21.4 billion dirhams in trade, up by 43.9 percent compared to the same month last year. The number of certificates of origin issued by Dubai Chamber in the same month reached 58,154, up from 48,129 in July 2-021.
The figures indicate that the trade sector in Dubai remains strong despite the current headwinds, according to Hamad Buamin, president and CEO of Dubai Chamber.
“The figures demonstrate the strength and resilience of Dubai’s trade sector, which is seeing increased momentum as Expo 2020 Dubai approaches,” He said.
Dubai Chamber members’ exports and re-exports to the Gulf Cooperation Council (GCC) region alone amounted to 79.6 billion dirhams from January to August this year, up by 16.4 compared to the same period last year.
The region accounted for the biggest share of trade in August, estimated to be around 11.4 billion dirhams, showing a 37 percent growth compared to July 2021.
Countries outside the region have also shown increased demand, with exports and re-exports to the top ten non-GCC markets growing by 31 percent in the first eight months compared to the same period last year.
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