Qatar’s non-oil export records 26.1% increase in August

14 Oct 2018

Qatar’s non-oil exports registered strong growth during August 2018 with the combined value reaching at QR2.26bn, recording an increase of 26.1 % (year-on-year) compared to QR1.79bn for the corresponding month last year.

The monthly report of the Qatar Chamber on foreign trade for the private sector, prepared by the Department of Research, Studies and Management of the Chamber’s members from the certificates of origin, issued 2,477 certificates of origin during last August, including 2,173 general model certificates, 128 unified certificates for the GCC countries (industrial), one certificate for the GCC (livestock), 149 unified Arab certificates of origin and 26 certificates of origin for preferences.

[quote color=”#ffffff” bgcolor=”#9c182f” bcolor=”#000000″]Saleh bin Hamad Al Sharqi, Director General of Qatar Chamber said that the record increase in non-oil exports last August and the increase of foreign markets received them affirmed that Qatari products are of high efficiency and quality.[/quote]

It also affirmed the variety of these products and increased their competitiveness in world markets, he noted.

Sharqi expressed his hope to see more products covering other production sector, especially those that are related to achieving the self-sufficiency and food security to Qatar.

The report pointed to the trend of non-oil exports to 59 countries during August 2018 compared to (60) countries during July, with (11) Arab countries, including the Gulf Cooperation Council countries and (16) European countries including Turkey and (18) Asian countries except for the Arab countries and (11) African countries except for the Arab countries and two North American countries, as well as one from South America.

According to the report, Oman topped the list of non-oil exporting countries in August 2018 with a total exports of QR800.36m, representing 35.5 % of the total value of non-oil exports during the month, followed by the Hong Kong with total exports of QR301.413m (13.3 %). In third place was Belgium with QR164.66m
(7.3 %) and Singapore QR160.26m (7.1 %).

Netherlands ranked fifth with exports amounting to QR128.10m (5.7 percent) of the total value of non-oil exports in August 2018. The Germany, Turkey, the United States and India came in different values and percentages respectively, where the first ten countries accounted for 87.9 percent of total non-oil exports in the said month.

On the other hand, the GCC countries (Sultanate of Oman and Kuwait) topped the blocs and the economic groups receiving the Qatari non-oil exports during August 2018 with total exports amounting to about QR 812.64m, then the group of European countries including Turkey and exports worth about QR 646.75m.

The Group of Asian countries excluding Arab countries came in the third place with total exports amounting to QR 638.08m, followed by the group of Arab countries, excluding the GCC countries with total value of exports amounting to about QR 83.15m, followed by North America, the African countries except the Arab countries and the South American countries with varying values.