Dubai Chamber of Commerce Highlights GCC as a Key Export Market in the First Half of 2024

The Dubai Chamber of Commerce has announced that the Gulf Cooperation Council (GCC) market remained the leading export and re-export destination for its member companies in the first half of 2024.

The GCC accounted for 53.9% of the total exports and re-exports, amounting to approximately AED 78.6 billion. This underscores the market's crucial role for the chamber's members.

Following the GCC, non-GCC countries in the Middle East were the second-largest destination, with 23.9% of exports and re-exports valued at AED 34.9 billion. African markets ranked third, accounting for 9.9% with a combined value of AED 14.5 billion.

The Asia-Pacific region was fourth, contributing 9.2% of exports worth about AED 13.4 billion. European markets followed in fifth place, representing 1.9% of total exports and re-exports, valued at AED 2.8 billion. North America ranked sixth, making up 0.6% with a value of AED 946 million, while Latin America came seventh with around 0.6% of the total, amounting to AED 839 million.

Overall, the Dubai Chamber of Commerce members' exports and re-exports reached approximately AED 145.9 billion during H1 2024. The chamber also issued 372,720 certificates of origin, highlighting its active role in facilitating trade and economic growth for its members.

News Source: Dubai Media Office