CHEMICAL PRODUCTS - Monthly Trend
Source - Dubai Custom
Sector Overview - CHEMICAL PRODUCTS
The global chemical products trade (export + import) has reduced to USD 1073.03 billion in 2019 decrease of 3.1% compared to 2018 which was USD 1107.51 billion. The chemical products trade represented 2.84% of total global trade.
Dubai chemical products trade (export + import) has raised to USD 4.15 billion in 2019, an increase of 6.31% compared to USD 3.9 billion in 2018. Dubai chemical products trade represented 0.04% of the total global trade.
Dubai chemical products exports were AED 2.3 billion in 2019 which accounts for 1.5% of Dubai export.
The top exported products were: Paints and varnishes; based on polymers (HS Code: 320890), Colouring matter; other preparations (HS Code: 320649) and Chemical products, mixtures and preparations (HS Code: 382499).
The top export destinations were: Sultanate of Oman , Iraq, India, Egypt and Kuwait.
Dubai chemical products imports were AED 12.89 billion in 2019 which accounted for 1.6% of the total Dubai imports.
The top import products were: Aluminium oxide; other than artificial corundum (HS Code: 281820), Lubricating oil additives; containing petroleum oils (HS Code: 381121) and Chemical products, mixtures and preparations (HS Code: 382499).
The top import origins were: Australia, China, USA, India and Germany.
Dubai chemical products re-exports were AED 2.82 billion in 2019 which accounted for 0.7% of the total Dubai re-export.
The top re-export products: Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic (HS Code: 382200), ubricating oil additives; containing petroleum oils (HS Code: 381121) and Chemical products, mixtures and preparations (HS Code: 382499).
The top re-export destinations were: Iran, Saudi Arabia, Pakistan, Sultanate of Oman and Singapore.
The chemical products sector contains Sections No. (28-31-32-35-36-37-38).
All ranks not including free zones.
Source - Dubai Custom
Sector Competitive Landscape
Source - Dubai Custom - UN Comtrade
Note : Forecast from 2020 based on historical values. It’s taking into account the latest available global trade development forecasts published by United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO), which expect the value of global trade to finish the year 2020 at about 9% below the level of 2019 due to the economic impact of the COVID-19 pandemic. Furthermore, they predict merchandise trade to grow at a rate of around 7% in 2021. From 2022 on, the global average growth rate is forecasted to be at around 3-4%.
Source: Dubai Customs - KCORP