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DUBAI / WAM
Dubai Chamber of Commerce and Industry has revealed that members’ exports to Central Africa and Western Africa recorded a surge of 85% and 57%, respectively, in January 2021, compared to the same month in the previous year. The total value of member companies’ exports targeting the African continent reached AED2.9 billion during the same month, marking a 4.2 percent year-on-year increase achieved despite economic headwinds.
Information from the Chamber’s Certificates of Origin (COO) database shows that Africa’s share of the total declared value of Dubai Chamber members’ world exports was 18 percent in January 2021, up from 16 percent in the same month during the previous year. The growing demand from Africa for the UAE’s products and Dubai’s world-class logistics infrastructure were factors that drove export growth over past 12 months.
The COO figures revealed that Egypt represented the most important country in Northern Africa for Dubai Chamber members trading with Africa, accounting for 78 percent of exports.