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FINANCIAL NEWS
Dubai’s food exports to Russia grow 74 percent
29 Dec 2014
(MENAFN) Dubai Exports announced that the food trade with Russia has grown annually by 74 percent between 2011 and 2013, rising to reach USD57.44 million in 2013 compared with USD4.08 million in 2011, Gulf News reported.
Dubai, which is a major source markets for products including aluminum, precious metals, ceramics, and edible oils and fats, plastic, sugar and confectionery, fertilizers, glass and glassware, copper, and iron and steel products, also increased its trade with Russia of gold jewelry and plastic materials, which constitute Dubai’s leading exports to Russia in terms of value.
Meanwhile, Dubai Exports also said that the emirate’s exports of construction and building materials exports to Kazakhstan grew to USD10.61 million from USD4.84 million during the same period, thus registering a growth of 48 percent.
“The excellent results we have been able to generate in and around CIS (Commonwealth of Independent States) proves the effectiveness of our strategic plans systematically evolved through evaluating overseas markets and their requirements as well as the availability of competent local exporters,” CEO of Dubai Exports said in a statement.
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