Dubai’s foreign trade in perfumes, beauty products hits AED20bn in ’17

DUBAI / Emirates Business

Dubai’s foreign trade in perfumes and beauty products in 2017 was worth AED20 billion, with imports accounting for AED11.5 billion, and exports and re-exports for AED 8.34 billion. The total volume of perfumes and beauty products traded reached 733,000 tonnes. This was according to statistics released by Dubai Customs at Beautyworld Middle East 2018, which is ongoing at the Dubai International Convention and Exhibition Centre.
France topped the list of Dubai trade partners in perfumes and beauty products in 2017,with AED 2.7 billion, while the US’s trade with Dubai was worth AED1.4 billion, followed by Italy in the third place with AED 1.1 billion.
As for exports and re-exports Saudi Arabia was the top destination market with AED1.1 billion, followed by the USA with AED 855 million and Oman with as much as AED 588 million.
Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence at Dubai Customs, said: “We at Dubai Customs follow 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.”
“Perfumes and cosmetics, perhaps more than any other luxury goods, have long been a major target for counterfeiting.”