UAE leads GCC region in export of petrochemicals and aluminum to non-Arab African markets
The UAE leads the GCC as the largest exporter of petrochemicals and aluminum to non-Arab African markets, according to a study published by the UAE Ministry on ‘Competitiveness of UAE Petrochemicals and Aluminum exports to non-Arab African markets’.
According to the report, the UAE’s aluminum and petrochemicals exports to African non-Arab countries in 2012 stood at $6.5bn, accounting for only 1.8% of their total imports which stood at $352bn in the same year.
In 2012, five African countries including South Africa, Nigeria, Mozambique, Ghana and Angola received 61% or $3.9bn of the UAE’s total aluminum and petrochemical exports to the continent, with South Africa at the top of the list with $1.08bn, followed by Nigeria with $1.03bn. More specifically, the study indicates that the UAE’s petrochemicals exports to African non-Arab countries stood at $249m, accounting for 2.6% of their total imports of $9.5bn.
The UAE was the 16th largest petrochemicals exporter to South Africa with $44m covering only 2% of the African country’s demand. China emerged as South Africa’s top exporter with a 17% share, or $391m, of the African country’s total petrochemicals imports. The UAE petrochemical exports to Nigeria, meanwhile, stood at $26m in 2012 constituting 1.7% of the market.
With regards to Tanzania, the UAE is the third largest exporter with a share of 11% at a value of $50m. These exports grew by 40% 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 $1.8bn of aluminum or 73% 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 $38m in 2012, or 1.5% of their total exports valued at $2.6bn in the same year.
In 2012, South Africa’s aluminum imports stood at $494m of which $12 were from the UAE. In the same year, the UAE’s aluminum exports to Mozambique stood at $5m.
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Nael Abdul Aziz