Dubai Chamber records 26% y-on-y increase in member companies’ exports to China in May

The Dubai Chamber said in a statement via the Dubai Media Office that its representative offices in Shanghai and Shenzhen are investigating new emerging business opportunities in the Chinese market that Dubai companies can take advantage of.

Dubai Chamber of Commerce and Industry exports to China in May 2020 increased 18 percent month-on-month and 26 percent year-on-year, he said on Monday.

Dubai-based exporters, re-exporters and manufacturers, especially in the food processing, plastics, chemicals, packaging, base metals and building materials sectors, can take advantage of opportunities in China through the services of the Chamber of Dubai

Vegetable oil (rapeseed oil / rapeseed oil) accounted for most of the export value with a share of 53%

Plastics (ethylene-alpha-olefin copolymers, polyethers, polymethylene) contributed another 25% to the total, followed by food processing waste / residues, which accounted for 12% of the total amount.

The remaining 10% of the total COO declared value came from paper products (recycled corrugated paper), chemicals, sugar, artificial filaments, wood and vehicles.

Furthermore, in the period January-May 2020, the total number of COOs issued for direct shipments to China reached 1,100 certificates, almost double the number issued in the same period six years ago.

To view the full article, visit the website: GulfBusiness