Exports by 4,645 Dubai companies grew 13% in April to BHD16.8 billion (NZ$65.26 billion), compared to exports in April 2009, according GulfNews.com.
Citing figures provided by the Dubai Chamber of Commerce and Industry, the report said this figure is about 10% lower compared to previous months’ total exports of BHD18.7 billion. Nonetheless, it was second only to the high value of BHD19 billion recorded in 2008.
In accordance with WTO’s rules on origin of goods crossing customs boundaries, shipments of goods are to be accompanied by Certificates of Origin (COOs), specifying the country/ies of origin of the goods.
The Dubai Chamber issues COOs to non-oil shipments of its members, either as export or as re-export.
Total value of exports/re-exports generated by these COOs is equivalent to about 70% to 80% of the total value of non-oil exports/re-exports reported by the Dubai Customs.
The Gulf Cooperation Countries remained the largest export destination for Dubai Chamber members, with about BHD8.1 billion in exports, or 48% of the total during the month.
Export value contracted by 16%e from the previous month’s Dh9.6 billion. Dubai Chamber members’ exports to Saudi Arabia contracted by 17% compared to March figures.
