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Article: UAE is the world's number one importer of cast iron rods in 2008.
- Article from:
- WAM - United Arab Emirates News Agency
- Article date:
- November 4, 2009
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Abu Dhabi, 4th Nov. 2009 (WAM) -- UAE imports of cast iron rods were estimated at USD 6.77 billion in 2008, rising 237 per cent over 2007. This figure is 14 times more than the global growth rate of imports in 2008, according to a report by Ministry of Foreign Trade.
Turkey was the UAE's main source of cast iron rods in 2008, contributing 87 per cent of supply. China came second at 12 per cent, with the remaining 1 per cent coming from other global sources.
"UAE exports and re-exportation of cast iron rods were at around USD 90 billion in 2008, growing 34 per cent over 2007. Re-exportation data indicate that 99.4 per cent of exportation was directed ...