Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
The rapidly substantial expansion in the development of the cosmetics market has created an increased stature in Dubai’s external trading in perfumery and beauty products, with a total value of Dh16 billion in 2012 from Dh15 billion in 2011.
France tops the countries from which Dubai imports perfumery and beauty products, with imports recording Dh2.6 billion in 2012, a 27 per cent of the total imports, followed by the US with a total value of Dh1 billion, an 11 per cent share. Germany follows with imports valued at Dh935 million with a share of 10 per cent.
The total share is 31 per cent of the overall exports and re-exports in the cosmetics sector. Perfumery is at the top of Dubai’s external beauty products trade, representing 22 per cent of total imports with a value of Dh2.15 billion, and 26 per cent of exports and re-exports at Dh1.6 billion.
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