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8/22/24, 2:21 PM Abu Dhabi Chamber reports 23.8% growth in certificates of origin issued in early 2024 - Finance Middle East

Abu Dhabi Chamber reports 23.8% growth in

certificates of origin issued in early 2024
This growth reflects Abu Dhabi's expanding exports and the ongoing efforts to enhance the UAE's
global trade footprint.

Credit: Supplied

The Abu Dhabi Chamber of Commerce and Industry, in collaboration with Etihad Credit Insurance (ECI), has
published a research paper revealing a 23.8% year-on-year increase in the number of certificates of origin issued
between January and May 2024 compared to the same period in 2023.

The chamber highlighted that this growth reflects Abu Dhabi’s expanding exports and the ongoing efforts to
enhance the UAE’s global trade footprint. The research identified the top 10 regional and global markets targeted
for exports by Abu Dhabi Chamber members, including Saudi Arabia, Kuwait, Oman, Qatar, the USA, Egypt,
Bahrain, Jordan, Iraq and India.

The study also pointed to an increase in local commercial activity, which coincided with a rise in the number of
new industrial companies registered with the chamber. The transportation and storage sector saw a 78% increase
between January and May 2024 compared to the same period in 2023.

By the end of 2023, the total value of the UAE’s non-oil foreign trade with countries with which it has signed
Comprehensive Economic Partnership Agreements (CEPA) surpassed AED390 billion. The CEPAs have played a
significant role in driving the UAE’s economic growth, expanding Abu Dhabi’s export portfolio, and facilitating the
entry of Emirati exports into major markets such as India, Indonesia, Turkey, Korea and Malaysia.

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