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26 JUNE 2014 WWW.CPIFINANCIAL.NET

UAE leads GCC region in export of petrochemicals and aluminum to non-Arab African markets

2MINS READ
According to the report, the UAE’s aluminum and petrochemicals exports to African non-Arab countries in 2012 stood at $6.5 billion, accounting for only 1.8 percent of their total imports which stood at $352 billion in the same year.

In 2012, five African countries including South Africa, Nigeria, Mozambique, Ghana and Angola received 61 percent or $3.9 billion of the UAE's total aluminum and petrochemical exports to the continent, with South Africa at the top of the list with $1.08 billion, followed by Nigeria with $1.03 billion.

More specifically, the study indicates that the UAE’s petrochemicals exports to African non-Arab countries stood at $249 million, accounting for 2.6 percent of their total imports of $9.5 billion.

The UAE was the 16th largest petrochemicals exporter to South Africa with $44 million covering only two per cent of the African country's demand. China emerged as South Africa's top exporter with a 17 percent share, or $391 million, of the African country's total petrochemicals imports.

The UAE petrochemical exports to Nigeria, meanwhile, stood at $26 million in 2012 constituting 1.7 per cent of the market.

With regards to Tanzania, the UAE is the third largest exporter with a share of 11 per cent at a value of $50 million. These exports grew by 40 per cent during the period 2008-2012. The study also highlighted that the market holds immense opportunities for further expansion and double the petrochemical exports from the UAE.

The study also ranks the UAE as one of the top ten aluminum exporters to the non-Arab African countries.

In 2012, the five African countries imported $1.8 billion of aluminum or 73 percent of the continent's total imports of the material in the same year. The UAE’s aluminum exports to South Africa, Nigeria, Mozambique, Ghana and Angola stood at $38 million in 2012, or 1.5 percent of their total exports valued at $2.6 billion in the same year.

In 2012, South Africa's aluminum imports stood at $494 million of which $12 were from the UAE. In the same year, the UAE's aluminum exports to Mozambique stood at $5 million.


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