Dubai exports witnessed a rebound in December with a 23 per cent gain to $5 billion as global trade bounced back from the worst slump in more than 80 years. The numbers do not look very attractive as the bounce is on very low base hit in December 2008.

New data published by the Dubai Chamber of Commerce and Industry showed total exports slumping 16 per cent to $50.5 billion in 2009, the same annual percentage fall recorded by China, the world’s largest exporter.

The geographic spread of Dubai exports remained heavily concentrated in its top 20 markets with Gulf Cooperation Council countries accounting for 45 per cent and Saudi Arabia the largest single national destination at 23 per cent.

Fresbee
IC