Dubai Chamber of Commerce members' exports rise 28%

Dubai Media Office

The value of Dubai Chamber of Commerce members' exports and re-exports grew 28.3 per cent over the year to May, reaching AED 23.1 billion, the highest level since August 2018.

Members' exports and re-exports amounted to AED 104.3 billion between January and May 2022, achieving 15.8 per cent year-on-year (YoY) growth when compared to the same period last year. 

Abdul Aziz Al Ghurair, Chairman of Dubai Chambers, said that the growth in member exports reflects the positive impact of the Chamber’s successful approach to identifying growth opportunities in promising markets. "Such efforts support the objectives of Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion in five years."

Chamber member exports and re-exports to GCC markets between January and May 2022 amounted to AED 55.5 billion, marking a 11.1 per cent YoY increase compared to the same period in 2021. Member exports and re-exports in May 2022 reached AED 12.6 billion, marking a 12.1 per cent increase compared to the previous month.

As per the Chamber’s report, GCC countries accounted for 55 per cent of the total exports and re-exports of the members in May 2022. Member exports and re-exports to the top 10 markets outside the GCC jumped 20.5 per cent to reach AED 31.5 billion YoY in the first five months of 2022.

In May alone, exports and re-exports of Chamber members in the same category recorded a growth of 16.3 per cent YoY to reach AED 6.6 billion.

More from Business