Exports of biscuits and wafers reach Dh150m

Monday, Apr 26, 2010

Dubai The value of direct exports of biscuits and wafers from Dubai amounted to Dh150 million while Dh7 million worth of products were exported from the free zones, according to the Export Development Corporation (EDC).

The direct imports are huge for this product, hitting nearly Dh500 million in 2009, which indicates the large potential for import substitution.

EDC, an agency of the Dubai Department of Economic Development, has released a batch of product and sector reports for 2010 to showcase Dubai's manufacturing and exporting capabilities in the specific products and sectors as part of its annual programme of sector and product studies.

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The reports included four product reports on plastic films, biscuits and wafers, copper cables, and medical furniture, in addition to two sector scan reports for electric distribution equipment and transformers and the machinery sector.

The plastic film report shows that 2009 exports of polypropylene products exceeded Dh200 million while polyethylene exports grew modestly in the past 10 years and last year reached Dh20 million.

The exports of polyethylene terephthalate (PET) products totalled Dh60 million.

The value of imports of copper cables exceeded Dh4 billion in 2008 and the exports averaged Dh500 million annually from 2007 to 2009.

Stable

Imports in this sector declined sharply last year but exports continue to rise, and re-exports have remained stable at about Dh500 million.

"Among our objectives is to provide UAE companies and buyers in various sectors with up-to-date analysis of trade data on specific sectors and products that highlight exporting capabilities, potential export markets, and opportunities for new investment or expansions," said Engineer Saeed Al Awadi, Chief Executive Office, EDC.

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