UAE is 3rd globally in plastics re-export

UAE exports of plastics grew by 127 percent, or $2.2 billion, from the first half of 2011 to the second half of 2012 — a figure that is eight times larger than the growth rate achieved during the entirety of 2011. A study released by the Ministry of Foreign Trade (MoFT) showed that the United Arab Emirates (UAE) exports of plastics grew by 127 percent, or $2.2 billion, from the first half of 2011 to the second half of 2012 — a figure that is eight times larger than the growth rate achieved during the entirety of 2011.

The study added that the UAE’s foreign trade of plastics grew by 48 percent in the first six months of 2012 in comparison with the same period in 2011, increasing from $2.9 billion to $4.4 billion, respectively. The study, which was conducted by MoFT Economic Advisor Dr Abdel Hamid Radwan under the supervision of Dr Mattar Ahmad, director of the Analysis and Trade Information Department at the ministry, pointed out that the UAE came third globally in the re-export of plastics in 2011, re-exporting a total of $444 million worth of the product — constituting a three percent share of the world’s re-exports of plastics.