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Dubai exports back to normal monthly average | The Director General of the Dubai Chamber Hamad
Bu Amim has said that Dubai exports have gone back to the monthly average of over Dh15 billion in the last three months. "The export trends of Dubai touched upon
the rapid growth of monthly exports of Dubai Chamber members from 1996 to 2008
peaking at almost Dh25 billion in October 2008. However, as oil prices in the
world began to slide, Dubai's exports fell drastically in November, reaching a
low monthly value of less than Dh15 billion, and continued to decline in the first
five months of 2009," the Dubai Chamber Director said. Bu Amim added that the
trend also indicated that although exports fell, the number of exporters and export
markets remained steady as exporters continued their global trading activities,
ready to take advantage of a market recovery when the demand for oil rose. "With
an expected easing of liquidity conditions and the recovery of investor confidence,
exports and re-exports are likely to resume rising in the months ahead," he said.
It should be noted that Dubai exports and re-exports products to 150 countries
and remains an international commercial hub. Dubai 's export turnover this year
is similar to that of 2007. |
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