Value of Dubai Chamber members’ exports to Africa up 20% in June

Value of Dubai Chamber members’ exports to Africa up 20% in June

Staff Report

Dubai Chamber of Commerce and Industry recorded a 20% month-on-month (m-o-m) increase in the value of member companies' exports to Africa in June 2020, which reached AED 2.94 billion ($800 million).

The value of exports and re-exports to Africa, tracked by Certificates of Origin (COOs) issued to Dubai Chamber member companies, signalled a rebound in trade activity with Africa to average levels seen during the January-March 2020 period.

Of the AED 883 million ($240 million) worth of members' exports and re-exports targeting Sub-Saharan Africa in June, AED 508.3 million ($138.3 million) went to East Africa, AED 249.5 million ($67.9 million) to West Africa, AED 92 million ($25 million) to Central Africa, and AED 33.3 million