The export and re-export of goods from Dubai have climbed to 58% of the total trade value of almost 24 billion dirhams, recorded by the Chamber of Commerce in February 2014.
Between 2009 and 2014, the export stream increased from 14 billion to 24 billion dirhams due to the very efficient communication and transportation network amongst the major markets.
The Chamber of Commerce records also show a 9% increase in Dubai’s trade as a whole, reaching the staggering 24 billion dirhams in February.
The Kingdom of Saudi Arabia is one of the largest export markets of Dubai with a total value of 6.8 billion dirhams.
The proverbial trend of economic growth in Dubai has triggered beneficial relationships among the GCC countries.
Qatar, which is the second largest Dubai’s export market after Saudi Arabia, has recorded growth of almost 3 billion dirhams, whereas Kuwait grew to 1,5 billion and Bahrain to half a billion dirhams in February.
Turkey has proven to be the fastest growing export market with almost 600% month-on-month growth.
The above figures and facts are the perfect demonstration of the UAE strength and advantages for export and re-export business.
