In a new indication of the economic recovery and the flexibility of the emirate's trade in facing challenges

43.9% growth in exports and re-exports of Dubai Chamber members during August

  • Dubai Chamber is making double efforts to introduce foreign trade opportunities in promising markets.

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  • Hamad Mubarak Buamim: "The leadership's vision and recommendations, and the diversification of the emirate's economy, were key factors in the sector's recovery and the restoration of its global role."

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In a new indication of the economic recovery in Dubai, and the resilience of the emirate’s trade in the face of global challenges related to the “Covid-19” pandemic, the “Dubai Chamber” revealed the growth of exports and re-exports of its members during the period between January and August 2021, by 21.8%, to reach a value of 147.3 billion. dirhams, compared to 121 billion dirhams during the same period in 2020.

The Dubai Chamber stated that the exports and re-exports of its members during August 2021 recorded a growth of 43.9%, compared to August of 2020, amounting to 21.4 billion dirhams, compared to 14.9 billion dirhams in August 2020, while the number of certificates of origin issued increased In August 2021, it increased by 20.8%, reaching 58,154 certificates of origin, compared to 48,129 certificates in July 2021.

strength and durability

The Director General of Dubai Chamber, Hamad Mubarak Buamim, said that these statistics demonstrate the strength and durability of the commercial sector in the emirate, and its high ability to overcome the challenges facing the global economy as a result of the “Covid-19” pandemic, stressing that the leadership’s vision and wise recommendations, and the diversity of The emirate's economy were key factors in the sector's recovery and its restoration of its global leading role.

Buamim added that the Chamber is working hard, in cooperation with its network of global partners and its foreign offices, to support the objectives of the Dubai Foreign Trade Plan announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to raise the value of the emirate's trade. to two trillion dirhams over the next five years, stressing that the Dubai Chamber is making double efforts to introduce foreign trade opportunities in promising markets, and help its members establish commercial partnerships that enhance the emirate's economic diversity and competitiveness in foreign markets.

Buamim continued: “The growth in the export performance of the Chamber’s members came, and we are less than a month away from the launch of (Expo 2020 Dubai), in which we will organize global events and forums, such as the Global African Business Forum, the Global Business Forum for ASEAN, and the Global Business Forum for Countries Latin America, to stimulate intra-trade of Dubai companies, which makes the exhibition a platform for us to enhance trade cooperation with emerging markets.”

Cooperation Council"

The Dubai Chamber report revealed that the Chamber's members' exports and re-exports to the Gulf Cooperation Council countries recorded a growth of 16.4%, rising from 68.4 billion dirhams during the same period in 2020 to 79.6 billion dirhams during the first eight months of 2021.

The exports and re-exports of members to the Gulf Cooperation Council countries during August 2021 alone increased by 37%, to reach 11.4 billion dirhams, compared to 8.3 billion dirhams in July 2021.

The markets of the Gulf Cooperation Council countries accounted for 53% of the total exports and re-exports of the members during August 2021.

outside the Gulf markets

The Dubai Chamber report revealed that the Chamber's members' exports and re-exports to the top 10 markets outside the Gulf Cooperation Council recorded a growth during the first eight months of this year by 31.4%, to reach 44.1 billion dirhams, compared to 33.6 billion dirhams during the same period. from the year 2020.

During August 2021 alone, the Chamber's members' exports and re-exports to the top 10 markets outside the Gulf Cooperation Council recorded a growth of 30.3%, to reach 6.6 billion dirhams, compared to 5.1 billion dirhams in July 2021.

147.3 billion dirhams, the value of member exports between January and August 2021.

• Exports and re-exports of the Chamber's members to the GCC countries recorded a growth of 16.4%.

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