Latin America-bound exports of Dubai Chamber members see rebound in Q1-2021
DUBAI, 25th April, 2021 (WAM) -- The value of Dubai Chamber members’ exports and re-exports to Latin America surged 69 percent 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 by the 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 Certificates of Origin increased at a compound annual growth rate of 17.4 percent since Q1-2016.