The 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 percent of total exports and re-exports with a combined value of around AED78.6 billion ($21.4 billion), underlining the market’s continuing significance for the chamber’s members.
Non-GCC countries in the Middle East region ranked second among Dubai Chamber of Commerce members’ top export destinations, accounting for 23.9 percent of exports and re-exports with a total value of AED34.9 billion.
In third place came African markets, accounting for 9.9 percent of total exports and re-exports with a combined value of AED14.5 billion. Meanwhile, the Asia-Pacific region ranked fourth on the list, accounting for 9.2 percent of exports with a value of around AED13.4 billion.
European markets came in fifth place, accounting for 1.9 percent of the Dubai Chamber of Commerce’s total exports and re-exports with a value of AED2.8 billion. Meanwhile, North America ranked sixth with 0.6 percent of the total exports and re-exports and a combined value of AED946 million.
Latin American markets ranked 7th, accounting for around 0.6 percent of total exports and re-exports with a value of approximately AED839 million.
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The total value of exports and re-exports by all members of the Dubai Chamber of Commerce reached approximately AED145.9 billion during H1 2024, with the chamber issuing 372,720 certificates of origin.
Notably, 34,075 new companies joined as members in the chamber during the first half of 2024, an annual growth of 5 percent.
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