UAE reports that it ranks among top 5 copper cable exporters
A report issued from the UAE's Ministry of Economy places the country among the top five global exporters of copper cables, with copper cable exports contributing an estimated US$1 billion trade surplus.
A story in Emirates 24/7 said that the value of the UAE copper cable exports grew by 102% to U.S. $1.325 billion in 2013, with export volume rising from 80,000 metric tons in 2012 to 174,000 metric tons last year (119%). Sales to one country, Saudi Arabia, accounts for 65% of the copper cable exports, it said, noting that such sales were valued at $835 million. It added that overall GCC countries collectively accounted for 75% of the UAE's copper cable exports. Subtracting $397 million in cable imports results in a copper cable trade surplus of $923 million in 2013, it said.
Ducab was singled out in the Emirates 24/7 story as being one of the most important UAE companies involved in the manufacture of copper products, including cables and wires. The report states that Ducab's production capacity exceeded 110,000 metric tons of high quality copper products that were exported to more than 20 countries worldwide.
The story cited global copper cable exports as being valued at $20.9 billion in 2013, up 4% from 2012. Russia topped the list with 14% of the market, $2.941 billion, followed by Germany, 13%, $2.718 billion; Belgium, third at $1.49 billion, and the U.S. fourth at $1.33 billion. The UAE, with a 6.3% share, $1.325 billion, came in fifth.