Dubai Chamber records 26% y-on-y increase in member companies exports to China in May

  • Date: 25-Aug-2020
  • Source: Gulf Business
  • Sector:Economy
  • Country:UAE
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Dubai Chamber records 26% y-on-y increase in member companies exports to China in May

The Dubai Chamber of Commerce and Industry member companies' exports to China in May 2020 increased 18 per cent month-on-month and 26 per cent year-over-year, it said on Monday.

The chamber issued a record 256 Certificates of Origin (COOs) targeting the country worth over Dhs283m.

The value of COOs for May, the third highest on record, was up 14 per cent month-on-month and and 7 per cent year-on-year.

China-bound exports of Dubai Chamber members reach record level in May. To read more - https://t.co/nWWtE73Qvk pic.twitter.com/FfTZEa08Hv

“” Dubai Chamber (@dubaichamber) August 24, 2020

Vegetable oil (rapeseed oil/colza oil) dominated the value of exports with a share of 53 per cent.

Plastics (ethylene-alpha-olefin copolymers, polyethers, polymethylene) contributed another 25 per cent to the total, followed by food processing waste/residue, which accounted