Dubai Chamber’s companies exports to China up 18% in May

  • Date: 24-Aug-2020
  • Source: Gulf Today
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

Dubai Chamber’s companies exports to China up 18% in May

Dubai Chamber's companies exports to China up 18% in May

an hour ago

Diversification of exports and strengthening Dubai-China ties among the key drivers of export growth.

Business Bureau, Gulf Today

Dubai Chamber of Commerce and Industry (DCCI) member companies' exports to China in May 2020 increased 18 per cent month-on-month (m-o-m) and 26 per cent year-over-year (y-o-y) as the Chamber issued a record 256 Certificates of Origin (COOs) targeting the country worth over Dhs 283 million.

The value of Certificates of Origins for May, the third highest on record, marked growth rates of 14 per cent month-on-month and 7 per cent year-on-year (y-o-y).

Unlike the previous spikes in declared values, the upward trajectory leading to the month of May was largely driven by solid growth in activity, which suggests a continuation in sustained future growth.

Diversification