Private Sector Exports Quarterly Report First Quarter

Private Sector Exports Quarterly Report

First Quarter

(1) Analysis of Private Sector Exports based on Certificates of Origin (First Quarter – 2023):

The total value of private sector exports (according to the certificate of origin issued by the Qatar Chamber) during the first quarter (Q1) of 2023 amounted to QR 9,081.30 million, showing an increase of 29.5 percent compared to QR 7,013.31 million in Q4 of 2022.

On an annualized basis, it grew by 17.5 percent compared to QR 7,730.23 million in Q1 of 2022.

Graph (1) Level of Exports (First Quarter 2022 to First Quarter 2023):

(1-1) Analysis of Private Sector Exports by Certificate of Origin Model:

Table (1) Analysis by the model of Certificate of Origin (Q1-2023 compared with Q1 and Q4/2022):

* Comparing data of Q1/ 2023 with Q1/ 2022 (On an annualized basis)

**Comparing data of Q1/2023 with Q4/2022 (On a quarterly basis)

Graph (2) Exports by Type of Certificate:

(Value in million riyals)

Data of Table (1) and Graph (2) indicate that the growth of the total value of the private sector exports during Q1 of 2023 according to the type of certificates of origin issued by the Chamber was due to the increase in exports through the General Model and the Unified GCC Model, while exports through the GSP, the Unified Arab and Singapore Models showed a decrease in varied percentage, as well as the significant increase in the Agricultural and Livestock Model which recorded a 760 percent increase.

In Q1/2023, exports through the General Model amounted to QR 7,354.02 million, an increase of 32.3 percent y-on-y compared to QR 5,558.08 million in Q1 of 2022, and an increase of 60.3 percent on a quarterly basis compared to QR 4,587.36 million in Q4 of 2022.

Similarly, exports through the Unified GCC Model reached QR 1,456.41 million, growing by 26.8 percent compared to QR 1,155.650 million in Q1/2022, and by 4.8 percent on a quarterly basis compared to QR 1,398.03 million in Q4/2022.

Also, the exports through the Singapore Model which stood at QR 106.15 million, showed an increase of 22.8 percent compared to QR 86.41 million in Q4/2022, while it showed a decrease of 0.5 percent compared to QR 106.73 million in Q1/2022.

On the other hand, exports through the Unified Arab Model estimated at QR 139.30 million, showing a decrease of 52.5 percent on a y-on-y basis compared to QR239.34 million in Q1/2022, and a decrease of 4.6 percent on a quarterly basis compared to QR 145.97 million in Q4/2022.

Similarly, the value of exports through the GSP Model are estimated at QR 15.18 million, registering a significant decline of 97.5 percent on a yearly basis compared to QR 616.43 million in Q1/2022, and a decrease of 98.1 percent on a quarterly basis compared to QR 795.27 million in Q4/2022.

(1-2) Analysis of the Exports of the Private Sector by the Type of Commodities: -

Table (2) Exports by most significant commodities in Q1/2023 compared to Q1 & Q4/2022:

(Value in Million Qatari Riyals)

* Comparing data of Q1/ 2023 with Q1/ 2022 (On an annual basis)

**Comparing data of Q1/2023 with Q4/2022 (On a quarterly basis)

Graph (3) Private sector exports by most significant commodities in Q1/2023:

(Value in million riyals)

* Comparing data of Q1/ 2023 with Q1/ 2022 (On an annual basis)

**Comparing data of Q1/2023 with Q4/2022 (On a quarterly basis)

Graph (4) The Relative Weight of the Most Significant Commodities Exported by the Private Sector in Q1/2023:

The Relative Weight %

Data showed that:

Essential and Industrial Oils: In Q1/2023, this commodity’s exports amounted to QR 5,667.23 million, with a y-on-y 222.6 percent increase, compared to the same period of the previous year which amounted to QR 1,756.61 million. Quarterly, it also increased by 279.9 percent, compared to QR 1,491.78 million in Q4/2022.
Petrochemicals: Exports of this commodity amounted to QR 232.02 million, showing an increase of 26.02 percent compared to its value Q1/2022, which amounted to QR 183.88 million. On a quarterly basis, they sharply increased by 290.9 percent compared to its value in Q4/2022, which amounted to QR 59.35 million.

Industrial Gases: The value of exports of this commodity amounted to QR 200.87 million, reordering a growth of 55.4 percent on a yearly basis, compared to its value during Q1/2022, which amounted to about QR 129.23 million. On a quarterly basis, exports of this commodity also increased by 6.1 percent compared to QR 189.26 million in Q4/2022.

Fuel: The value of exports of this commodity amounted to QR 1,376.53 million, showing an increase of 16.2 percent on a yearly basis compared to its value in Q1/2022, which amounted to QR 1,184.18 million. On a quarterly basis, they declined by 36.2 percent compared to QR 2,156.28 million in Q4/2022.

Chemical Substances: The value of this commodity amounted to QR 149.99 million in Q1/2023, recording a 48.7 y-on-y decrease compared to QR 292.66 million in the same period of the previous year, while they increased on a quarterly basis by 3.2 percent compared to its value in Q4/2022, which amounted to QR 145.31 million.
Aluminum: The value of exports of this commodity in Q1/2023 decreased by 62 percent on a y-on-y basis, reaching QR 728.04 million, compared to QR 1,917.61 million in Q1/2022. On a quarterly basis, it also declined by 53.7 percent compared to its value in Q4/2022, which amounted to QR 1,572.47 million.

Steel: The value of steel exports amounted to QR 282.67 million, showing a y-on-y decrease by 17.6 percent compared to QR 343.03 million in Q1/2022. It also decreased quarterly by 1.4 percent compared to QR 286.67 million in Q4/2022.
Paraffin: The value of exports of this commodity in Q1/2023 amounted to QR 94.65 million, a decrease of 46.1 percent on a yearly basis, compared to its value during the same period of the previous year, which amounted to about QR 175.48 million. Quarterly, they also declined by 4.8 percent compared to QR 99.45 million in Q4/2022.

Lotrene: The value of exports of this commodity in Q1-2023 amounted to QR 63.08 million, a decrease of 82.8 percent y-on-y compared to its value during the same period of the previous year, which amounted to QR 367 million. On a quarterly basis, they also declined by 52.1 percent compared to QR 131.65 million in Q4/2022.

Chemical Fertilizers: Exports of the chemical fertilizers in Q1/2023 amounted to QR 26.26 million, a decrease on a yearly basis by 97.5 percent compared to QR 1,041.95 million in Q1/2022. On a quarterly basis, they also decreased by 96.1 percent compared to QR 665.99 million in Q4/2022.

These ten commodities exported by the private sector represent 97.14 percent of the total value of private export exports, according to the certificates of origin issued by the Qatar Chamber during Q1/ 2023, which amounted to QR 8,821.34 million, registering a 19.3 percent y-on-y growth compared to the same period of 2022 and a 29.8 quarter-on-quarter growth compared to Q4/2022.

(1-3) Destinations of Private-Sector Exports in Terms of the Economic Blocs in Q1/2023:

Table (3) Destinations of Private-Sector Exports by Groupings and Economic Blocs in Q1/2023:

Graph (5) Percentages of Private-Sector Exports by Groupings and Economic Blocs (Q1/ 2023):

Share (%) in total

As for economic blocs and groupings, the Asian countries (excluding GCC and Arab countries) were at the top of economic blocs that received exports of private sector during Q1/2023 which amounted to QR 6,189.07million with a share of 68.15 percent of the total exports, followed by GCC states which received exports amounted to QR 1,528.43 million or a share of 16.83 percent of the total value.

In third place came the group of EU states, with exports totaling QR 1,094.46 million representing 12.05 percent of the total value, followed by Arab countries excluding Arab countries excluding GCC states that received QR 159.83 million, a share of 1.76 percent and the USA with exports amounted to QR 61.91 million, or a share of 0.68 percent of the total exports.

The grouping of African Countries excluding Arab countries came in the sixth place, which received 0.29 percent of the total exports, with a value of QR 26.63 million, followed by other European countries which received exports estimated at QR 14.71million or a share of 0.16 percent, and Other American Countries with a value of QR 0.04 percent of QR 3.90 million.

Then came the grouping of Oceania countries, with exports amounting to QR 2.34 million, equivalent to 0.03 percent of the total exports.

The number of countries receiving Qatari exports in Q1/2023 was 96 countries in the above economic groupings. The African grouping came to the forefront with 29 countries. Asia came then with 19 countries, followed by the European Union with 14 countries, Arab countries excluding GCC states with 13 countries, other European countries with 6 countries, the GCC with 5 countries, and the United States of America and one country (Australia) in the Oceania grouping.

(1-4) Private Sector Exports as per Major Destinations during Q1/2023:

Table (4) The Most Important Trading Partners at The Level of Private Sector Exports in Q1/2023:

Graph (6) The Most Significant Trading Partners at the Level of Private-Sector Exports during Q1/2023:

Share (%) in total

In Q1/2023, China was at the top of the countries of destination of private sector exports with close to QR 3,098.93 million, a share of 34.1 percent of the total exports.

It is followed by India with almost QR 2,433.38 million and a share of 26 percent and Oman with about QR 989.01 million, a share of 10.9 percent.

Netherlands came in fourth place with almost QR 728.51 million, a share of 8 percent and UAE with exports amounted to about QR 336.76 million, a share of 3.7 percent.

Germany came in the sixth place which received exports amounting to QR 261.70 million, a share of 2.9 percent, followed by Turkey with almost QR 152.27 million, a share of 1.7 percent, Singapore with QR 146.23 million, a share of 1.6 percent, Indonesia with almost QR 131.16 million or 1.4 percent and Honk Kong with exports amounting to QR 121.76 million or a share of 1.3 percent of the total value.

Together, these ten countries accounted for 92.5 percent and a value of QR 8,399.71 million of private-sector exports according to the certificate of origin in Q1/2023, totaling around QR 9,081.30 million.