DUBAI: Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, has shared that the Gulf Cooperation Council (GCC) market was the top global destination for exports and re-exports by its member companies in the first half of 2024.

The GCC region made up 53.9% of the total exports and re-exports, amounting to around AED 78.6 billion. This shows the continued importance of the GCC market for the chamber’s members.

Non-GCC countries in the Middle East came in second, with 23.9% of exports and re-exports, valued at AED 34.9 billion.

African markets were third, with 9.9% of the total exports and re-exports, worth AED 14.5 billion.

The Asia-Pacific region was fourth, accounting for 9.2% of exports with a value of about AED 13.4 billion.

European markets were fifth, making up 1.9% of the total exports and re-exports, valued at AED 2.8 billion. North America was sixth, with 0.6% of the total, worth AED 946 million.

Latin American markets were seventh, accounting for about 0.6% of the total exports and re-exports, valued at approximately AED 839 million.

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Overall, the total value of exports and re-exports by all Dubai Chamber of Commerce members reached around AED 145.9 billion in the first half of 2024, with the chamber issuing 372,720 certificates of origin.