Qatar Chamber: Private sector exports exceed QR18.5 billion in 9 months

10-12-2023

 The total value of private sector exports, as per the certificate of origin issued by the Qatar Chamber, during the third quarter from July to September (Q3) of 2023 amounted to QR 3.25 billion. This reflects a 65 percent decrease on an annualized basis compared to the same period of the previous year, which amounted to QR 9.3 billion. On a quarterly basis, there was also a 47 percent decline compared to QR 6.1 billion in Q2 of 2023.

The total value of private sector exports exceeded QR 18.5 billion in the first nine months of 2023.

According to the quarterly report issued today by Qatar Chamber, private sector exports value during the third quarter of 2023 (July-September), the largest value of exports was through the General Model by 65 percent, followed by the GCC Model by 19 percent, the Unified Arab Model by 12 and the Unified Singapore by 5 percent.

No exports were registered through the Agricultural & Livestock Model, while exports through the GSP Model was suspended.

Exports according to the type of commodity
The report highlighted a decline in export values for most of the 10 commodity groups (List of top 10 commodity groups) in Q3/2023 compared to the previous quarter. Notably, aluminium exports increased by 5%, steel exports by 158%, and chemical fertilizers by 0.6%.

Conversely, other commodity groups recorded negative values compared to both the corresponding and preceding quarters. Exports of fuel commodity declined by 54%, base oils and industrial oils by 69%, chemicals by 14%, paraffin by 40%, and lotrene by 15%.

These 10 commodity groups collectively represented about 90% of the total value of the private sector’s exports during the third quarter of 2023.

Destinations as per economic blocs
The Chamber’s report also indicated that according to the types of certificates of origin issued by the Chamber, the Asian countries bloc (excluding GCC and Arab countries) ranked at the top of the economic blocs with a share of 34.6 percent of the total exports. Following closely is the group of EU states with a share of 27.3 percent, the group of GCC states with a share of 22.6 percent.

In fourth place is the group of Arab countries, excluding GCC states, with a share of 12.7 percent, followed by the USA with exports with a share of 1.7 percent, and the grouping of African Countries, excluding Arab countries, which came in sixth place, receiving 0.7 percent of the total exports.

This is followed by the group of Other American Countries with a share of 0.16 percent, the grouping of Oceania countries with exports amounting to 0.15 percent of the total exports, and other European countries which received exports represented a share of 0.07 percent.

Exports according to major destinations
In Q3/2023, Netherlands was at the top of the countries of destination of private sector exports with a share of 15.5 percent of the total exports.

It is followed by Oman with a share of 12.5 percent and Singapore with a share of 8.9 percent.

India came in fourth place with a share of 8.9 percent and the UAE with a share of 7.4 percent.

Chaina came in the sixth place which received exports with a share of 5.9 percent, followed by Tunisia with a share of 5.3 percent, Germany with a share of 4.8 percent, Turkey with a share of 3.4 percent and France with a share of 3.3 percent of the total value.

Together, these ten countries accounted for 76 percent of the total value of private sector exports as per certificates, while 90 countries received a share of 24 percent of the total value of private sector exports.

Private sector exports according to the type of certificate of origin
According to the types of certificates of origin issued by the chamber, the decrease in the total value of exports is attributed to a decline in all certificate models, except for exports through the Unified Arab Model, which amounted to QR 381.41 million in Q3, marking a 3 percent increase compared to Q2/2023 (QR 369.95 million).

However, the value of exports through the General Model in Q3/2023 amounted to QR 2,107.64 million, indicating a 49 percent decrease compared to Q2/2023 (QR 4,114.80 million).

Exports through the GCC Model decreased by 49% compared to Q2/2023.

Exports through the Singapore Model amounted to QR 147.31 million, reflecting a 65 percent decrease, while no exports were registered through the Agricultural & Livestock Model and the GSP Model.

According to the report, the number of countries that received Qatari exports in Q3-2023 reached 100, distributed among the above economic groupings. The African grouping topped them with 24 countries, followed by Asia with 21 countries, the European Union with 18, and Arab countries, excluding GCC states, with 13 countries each. Then, the grouping of Other American countries with 9 countries, followed by other European countries with 7, the GCC with 5, and finally, two countries in the Oceania grouping and the USA.

 

Back to top button