GCC Markets Dominate Dubai Chamber of Commerce Exports and Re-exports in H1 2024

The Dubai Chamber of Commerce, one of the three chambers under the Dubai Chambers umbrella, has announced that Gulf Cooperation Council (GCC) markets accounted for 53.9% of its members' total exports and re-exports in the first half of 2024, with a combined value of AED 78.6 billion. This reaffirms the GCC's position as the top global export and re-export destination for Dubai Chamber members.

Non-GCC Middle Eastern countries followed, contributing 23.9% to the total exports and re-exports, valued at AED 34.9 billion. Africa ranked third, accounting for 9.9% with exports worth AED 14.5 billion, while the Asia-Pacific region was fourth, contributing 9.2% with a value of approximately AED 13.4 billion.

European markets were fifth on the list, representing 1.9% of the total exports and re-exports with a value of AED 2.8 billion. North America came in sixth, accounting for 0.6% and a combined value of AED 946 million, and Latin America ranked seventh with around 0.6% and a value of approximately AED 839 million.

Overall, the combined value of exports and re-exports by all Dubai Chamber of Commerce members reached approximately AED 145.9 billion during the first half of 2024. The chamber issued 372,720 certificates of origin in this period, underscoring its significant role in facilitating trade for its members.