For businesses that are members of the Dubai Chamber of Commerce, one of the three chambers that operate under the Dubai Chambers umbrella, the Gulf Cooperation Council (GCC) continues to be the most popular destination for exports and reexports worldwide. This represents 55.6% of all exports and reexports, which are estimated to be worth AED158.1 billion ($43.05 billion).

The numbers highlight the GCC market's ongoing importance in chamber members' trading activities.

Members of the Dubai Chamber of Commerce's combined export and reexport values came to AED284.5 billion ($77.46 billion).

With a total value of AED 62 billion, non-GCC nations made up 21.8% of all exports and re-exports from the Middle East. At a combined value of AED 27 billion, or 9.5% of members' exports and re-exports, the Asia-Pacific region ranked as the third largest market. Fourth on the list, African markets accounted for 7.9% of the AED 22.4 billion in exports and re-exports made by chamber members.

North American markets came in sixth place with 1.4% of the total and a value of AED3.9 billion, while European markets came in fifth place with 3.5% of all exports and re-exports valued at AED10.1 billion.

These were followed by Latin American markets, which accounted for almost AED 1 billion or 0.3% of all exports and re-exports.

The President and CEO of Dubai Chambers, Mohammad Ali Rashed Lootah, stated: "Our priorities are growing Dubai's international trade and accomplishing the objectives of the Dubai Economic Agenda (D33)." Dubai Chambers is still dedicated to helping its members expand their business in important regions like Asia Pacific, Europe, and Latin America. Our efforts to realize the goal of the wise leadership will be bolstered by the addition of sixteen new representative offices in 2023, which will diversify our members' export markets, expand our worldwide network, and assist Dubai's thriving business community.

"The diversity of destinations for chamber members’ exports and re-exports illustrates the agility and competitiveness of traders in Dubai,” he continued, highlighting the remarkable capacity of Dubai traders to adjust to global difficulties in international trade.