The UAE holds second place in the DMCC Commodity Trade Index 2024, highlighting its global trading dominance.
Evaluation criteria include locational advantages, commodity wealth, financial services, logistics, and institutional strength. Strong in commodity endowment and institutional factors, collaboration opportunities exist for further growth.
Feryal Ahmadi, COO of DMCC, highlights the UAE's resilience and growth trajectory in global commodity trading. The US leads the index, followed by Switzerland's emergence. The Netherlands and the UK saw declines due to various factors. China, South Africa, and Nigeria lag due to institutional and locational challenges. Overall, geopolitical tensions and macroeconomic conditions impact global trade, as shown in the DMCC Commodity Trade Index 2024.
The Future of Trade report series provides valuable insights for stakeholders navigating global trade dynamics. The fifth edition explores transformative trends like regionalization, supply chain restructuring, and digital services trade. Access the full report and Commodity Trade Index at www.futureoftrade.com.
News Source: Dubai Media Office
