For its member companies, the Gulf Cooperation Council (GCC) market continued to be the top global export and re-export destination in the first half of 2024, according to Dubai Chamber of Commerce, one of the three chambers under the Dubai Chambers umbrella. With a combined value of about Dhs78.6 billion, the GCC region accounted for 53.9% of all exports and re-exports, demonstrating the market’s ongoing importance to the chamber’s members.
“Non-GCC countries in the Middle East region ranked second among members’ top export destinations, accounting for 23.9% of exports and re-exports with a total value of Dhs34.9 billion,” the Dubai Chamber stated in a press release on Monday.
With a combined value of Dhs14.5 billion, African markets accounted for 9.9% of all exports and reexports made by members during H1 2024, placing them third among the top destinations. Fourth place on the list, the Asia-Pacific area accounted for 9.2% of exports worth about Dhs13.4 billion. Fifth-placed European markets accounted for 1.9% of Dhs2.8 billion worth of exports and re-exports overall. North America came in sixth place with 0.6% of all exports and reexports and a total value of Dhs946 million.
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