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FINANCIAL NEWS
GCC posts USD62b chemical exports in 2014
12 Nov 2015
(MENAFN) Based on recent industry reports, Gulf Cooperation Council (GCC) petrochemical firms logged a record 67.2 million tons in chemical exports worth a whopping USD62 billion in 2014.
This high figure has corresponded simultaneously with a significant increase from 2013’s recorded USD54.6 export incomes, not to mention that it has more than doubled from a decade ago.
Furthermore, The GCC chemical industry reported robust recovery since 2010 with chemical exports by volume 77 percent higher in 2014 than before the global economic and financial crisis level of 2008.
“Chemical producers from the Gulf region ship their products to approximately 170 countries. Asia, and in particular,” said the head of Gulf Petrochemicals and Chemicals Association.
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