GCC revealed as top export and re-export market for Dubai Chamber of Commerce members during H1 2023

GCC revealed as top export and re-export market for Dubai Chamber of Commerce members during H1 2023

DUBAI - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the GCC was the top export and re-export market destination for its members globally during the first half of 2023.

Saudi Arabia was named the top destination for members' exports, with the total value recording year-over-year growth of more than 15% to reach AED35 billion.

Members' exports to Kuwait during H1 2023 were valued at AED12.8 billion, while exports to Qatar grew by 39.3% compared to the same period in 2022 to reach a value of AED12.4 billion. Exports to Oman achieved year-over-year growth of 20% in the first half of 2023, amounting to AED7.8 billion, while exports and re-exports to Egypt reached a total of AED5.3 billion.

Meanwhile, exports to Iraq soared to AED4.7 billion, representing year-over-year growth of 95.8%.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, "The diversity of our members' export and re-export markets reflects their flexibility in responding to rapidly evolving global market conditions and is supported by our efforts to provide international investment opportunities."

Lootah highlighted the vital role of Dubai International Chamber's representative offices and the introduction of various commercial investment opportunities, which have