Page 60 - ETIHAD CREDIT INSURANCE PR REPORT - AUGUST 2024

8/22/24, 2:20 PM Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin
Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin
This growth underscores the chamber's efforts to boost trade opportunities and enhance
the UAE's international trade footprint

The study identified the top 10 export markets for Abu Dhabi Chamber members: Saudi Arabia, Kuwait, Oman, Qatar, U.S.,
Egypt, Bahrain, Jordan, Iraq, and India. (Photo Credit: WAM)
Abu Dhabi’s export activity surged in the first five months of 2024, demonstrating the emirate’s
growing global trade presence.
A joint research paper by the Abu Dhabi Chamber of Commerce and Industry and Etihad Credit
Insurance (ECI) revealed a 23.8 percent year-on-year increase in certificates of origin issued
between January and May 2024. This growth underscores the chamber’s efforts to boost trade
opportunities and enhance the UAE’s international trade footprint.
Top export markets
The study identified the top 10 export markets for Abu Dhabi Chamber members: Saudi Arabia,
Kuwait, Oman, Qatar, U.S., Egypt, Bahrain, Jordan, Iraq, and India.
Increased local commercial activity
Moreover, the chamber’s initiatives have spurred increased local commercial activity, evident in the
rise of new industrial companies registering with the Abu Dhabi Chamber. The transportation and
storage sector experienced a remarkable 78 percent surge between January and May 2024 compared
to the same period in 2023.
Positive impact of CEPAs
Additionally, the paper highlighted the positive impact of Comprehensive Economic Partnership
Agreements (CEPAs) on the UAE’s economy. By the end of 2023, the total value of the UAE’s non-
oil foreign trade with CEPAs-linked countries surpassed AED390 billion. These agreements have

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