Dubai Chamber member exports surpassed AED 147 billion in Jan – Aug 2021

Dubai Chamber member exports have surpassed AED 147 billion in January – August 2021 supported by a rebound in trade activity in Dubai. The Chamber noted that its members’ exports and re-exports increased by 43.9 percent year over year, reaching AED 21.4 billion in August 2021. In August 2021, Dubai Chamber issued 58,154 certificates of origin, up from 48,129 certifications in July 2021.

Between January and August 2021, the GCC was the leading export market for Dubai Chamber members. Chamber members’ exports and re-exports to GCC nations increased 16.4% year-over-year to AED 79.6 billion in the first eight months of 2021, compared to last year’s same period.

During the month, GCC markets accounted for 53% of members’ total exports and re-exports. In August 2021, members’ exports and re-exports to GCC nations were AED 11.4 billion, up 37 percent from the previous month.

During the first eight months of 2021, Chamber members’ exports and re-exports to the top ten non-GCC markets increased by more than 31%.

According to Hamad Buamim, President & CEO of Dubai Chamber, the results indicate the strength and durability of Dubai’s commercial industry, which is gaining traction as Expo 2020 Dubai approaches. He added that Dubai Chamber is collaborating closely with public and private sector partners to support HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in his five-year plan to increase Dubai’s foreign trade from AED 1.4 trillion to AED 2 trillion.

He added that the representative offices of Dubai Chamber around the world play a critical role in identifying export opportunities for Dubai Chamber members and the wider business community in Dubai, which improve economic competitiveness and drive sustainable growth, and that Expo 2020 Dubai is expected to be a catalyst for boosting trade activity and fostering cross-border economic cooperation.