Dubai’s non-oil export market recorded 43 per cent growth during 2007, distributing products to 210 destinations, according to government figures. Exports reached Dh167.9 billion at the end of 2007 compared to Dh117.4bn a year earlier, the Dubai Chamber said in a report. The value of exports is the highest figure registered to date.
Iran topped the export rankings, receiving nearly Dh36bn worth of products from Dubai, a growth rate of 33.4 per cent over 2006, followed by Saudi Arabia, Qatar and the other emirates in the UAE.
The Dubai Chamber issued 559, 652 certificates of origin in 2007, compared to 442,287 in 2006, an increase of 16 per cent, to more than 210 destinations.
Chamber Chairman Obaid Humaid Al Tayer said: “This dramatic increase reflects the significant growth of the Dubai economy, and is directly attributed to the hard work of all its members and Dubai Chamber’s efficiency in opening up new global markets and providing the opportunity of meeting up existing and fresh trade delegations. This goes in line with the chamber’s mission of offering first-rate support and services to local businessmen and investors.”
Dubai posted exponential growth in exports to Bolivia, which saw an almost four million per cent increase of products from the emirate, from just Dh66 in 2006 to Dh2.63 million by the end of 2007. New entrants on the list include French Polynesia – which includes Tahiti, Gambier, Marquesas, Society, and the Tuamotu & Clipperton Islands – with Dh7m worth of exports; Nepal with Dh62.9m; Benin with Dh23.7m; Virgin Islands (UK) with Dh13.2m; and Dominican Republic with Dh1.3m worth of exports from Dubai.
Al Tayer said: “The report goes in line with Dubai Chamber’s strategy of providing members with economic statistics and information to help them improve their businesses.
“This rise reflects Dubai Chamber’s efforts in facilitating exporting procedures for members and stakeholders besides stressing on the leading role it plays in serving the business community,” Dubai currently represents 82.2 per cent of the UAE’s overall export market.
The non-oil exports consist of traditional commodities, including dates, hides, frozen and dried fish, iron scrap and other metals, and manufactured products that are imported by the Gulf countries and other international markets.
Dubai exports aluminum ingots, liquefied gas and ready-made garments to Japan, China, India, Taiwan, the United States, and other industrial countries in Western Europe.
Dubai’s non-oil exports increase by 43%