France tops countries for imports and Saudi Arabia for exports
Dubai’s foreign trade in perfumes and beauty products in 2017 was worth AED 20bn (US$ 5.40bn), with imports accounting for AED11.5bn (US$ 3.1bn), and exports and re-exports for AED 8.34bn (US$ 2.3bn).
The total volume of perfumes and beauty products traded reached 733,000 tons according to statistics recently released by Dubai Customs during Beautyworld Middle East 2018.
France topped the list of Dubai trade partners in perfumes and beauty products in 2017,with AED 2.7bn (US$ 740mn), while the USA’s trade with Dubai was worth AED1.4bn (US$ 380mn), followed by Italy in the third place with AED 1.1bn (US$ 300mn).
As for exports and re-exports Saudi Arabia was the top destination market with AED 1.1 billion (US$ 3000mn), followed by the USA-AED 855 mn (US$ 233mn) and Oman-AED 588 mn (US$ 161mn).
“Dubai Customs follows a transparent approach when dealing with businesses, by sharing foreign trade figures and statistics, so they can plan the size of their investments ahead and make well-informed decisions,” commented Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence at Dubai Customs.
“The statistics issued by Dubai Customs confirm that Dubai is the regional hub for beauty products and fragrances. This underlines the importance of platforms like Beautyworld Middle East, which brings regional traders together with leading global beauty and wellness companies,” stated Ahmed Pauwels, CEO of Messe Frankfurt Middle East.
