Dubai imported US$3.66 billion and exported US$1.33 billion of plastics and rubbers in 2015, while also re-exporting US$1.01 billion, according to latest Dubai Statistics Centre figures.
These trade figures were revealed during a Press briefing held on Wednesday by the German trade fair organiser Messe Dusseldorf while announcing the GCC's response to K 2016, the largest international trade fair for the plastics and rubber industry, taking place from October 19-26 in Dusseldorf, Germany.
The German company said that the UAE is succeeding in diversifying its economy by investing heavily in the industrial sector including the plastics industry as it is taking early steps in its bid to say farewell to the last drop of oil.
The company said the UAE plastics industry growth is fuelled by industrial diversifying initiatives spearheaded by the UAE government.
"K 2016 has been fully-booked for months. More than 3,000 exhibitors from more than 50 nations will take part. As usual, the largest group of exhibitors comes from Europe, particularly from Germany, Italy, Austria, Switzerland, France and Turkey. At the same time, the K trade fair is a clear indicator of changes in the global market," said Erhard Wienkamp, division director, Messe Düsseldorf GmbH.