Dubai Chamber members see rebound in Latin America-bound exports in Q1
The value of Dubai Chamber members’ exports and re-exports to Latin America surged 69 per cent to reach a record $60.5 million in the first quarter of 2021, a trend supported by increased activity among companies in Dubai that are already trading with the region.
New data released Dubai Chamber of Commerce and Industry indicated that the increase in Latin America-bound shipments among members reflected a long-term trend rather than a Covid-led rebound as the declared value of COOs increased at a compound annual growth rate (CAGR) of 17.4 per cent since Q1-2016.