Private Sector Exports Quarterly Report (Second Quarter)

Private Sector Exports Quarterly Report

Second Quarter April-June 2023 & First Half January-June 2023

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

The total value of private sector exports (according to the certificate of origin issued by the Qatar Chamber) during the second quarter (Q2) of 2023 amounted to QR 6,106.34 million, showing a decrease of 31.5 percent on an annualised basis compared to the same period of the previous year which amounted to QR 8,920.22 million.

On a quarterly basis, it also declined by 32.76 percent compared to QR 9,081.30 million in Q1 of the same year.

Graph (1) Level of Exports from Q2-2022 to Q2-2023:

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

Exports in Q2-2022 to Q2-2023

(2) Private Sector Exports in H1-2023 Compared to H1&H2-2022:

According to the type of certificates of origin issued by the Chamber, the private sector exports in H1-2023 reached QR 15,187.65 million, recording a decline of 9 percent in H1-2022 which amounted to QR 16,650.45 million and a decline of 7 percent in H2-2022 which amounted to 16,391.72 million.

Graph (2) Private sector exports in H1-2023 compared to H1 & H2 2022:

(3) Private Sector Exports According to the Type of Certificate of Origin in H1-2023:

According to the type of certificates of origin issued by the chamber, the value of exports through the General Model in H1-2023 amounted to QR 11,468.82 million, registering an increase of 7 percent compared to QR 10,748.43 million in H1-2022 and by 11 percent compared to QR 10,302.89 million as in H2-2022.

Exports through the Singapore Model amounted to QR 527.03 million, a surge of 76 percent compared to QR 300.22 million in H1-2022 and an increase of 68 percent compared to QR 313.60 million in H2-2022.

Similarly, exports through the Agricultural & Livestock Model reached QR 1.81 million, recording a significant increase of 1157 percent compared to QR 0.14 million in H2-2022, while there are no exports exported in H1-2022.

Exports through the Unified Arab Model reached QR 509.25 million, growing by 20 percent compared to QR 640.49 million in H1-2022, while they decreased by 32 percent in H2-2022 as they amounted to 385.03 million.

Exports through the Unified GCC Model amounted to QR 2,665.56 million, a decrease of 27 and 28 percent compared to H1 and H2 2022.

Similarly, exports according to the GSP Model amounted to QR 15.18 million, registering a decline of 99 percent compared to QR 1,327.18 million in H1-2022 and QR 1,672.91 million in H2-2022.

Table (1): Private sector exports in H1-2023 as per to the type of certificate:

(Value in a million riyals)

Graph (3) Private sector exports in H1-2023 according to the type of certificate:

(Value in million riyals)

Table (2): Exports by most significant commodities in H1/2023 compared to H1&H2/2022:

(Value in Million Qatari Riyals)

* Comparing data of H1/ 2023 with H1/ 2022 (On an annual basis)

**Comparing data of H1/2023 with H2/2022 (On a semi-annual basis basis)

(4) Analysis of Private Sector Exports According to the Type of Commodities:

Data of Table (2) show that in H1/2023 only three commodities in the list registered an increase in exports value, while the other seven commodities declined.

Below, we review the commodities in the list orderly (according to the highest value in H1-2023):

Essential and Industrial Oils: In H1-2023, this commodity’s exports amounted to QR 8,098.91 million, with a y-on-y 146 percent increase, compared to the same period of the previous year which amounted to QR 3,293.58 million. Semi-quarterly, it also increased by 103 percent, compared to its value in H2-2022, which amounted to QR 3,982.42 million.
Fuel: The value of exports of this commodity in H1-2023 amounted to QR 3,090.07 million, showing a decrease of 17 percent on a yearly basis compared to its value during the same period of the previous year, which amounted to QR 3,706.45 million.
On a semi-quarterly basis, it also decreased by 38 percent compared to QR 4,988.26 million in H2-2022.
Aluminum: The value of exports of this commodity in H1-2023 declined by 67 percent on a y-on-y basis, reaching QR 1,434.75 million, compared to QR 4,357.71 million in H1-2022.
On a semi-quarterly basis, it also declined by 54 percent compared to its value in H2-2022, which amounted to QR 3,102.37 million.
Industrial Gases: The value of exports of this commodity in H1-2023 amounted to QR 453.25 million, an increase of 40 percent on a yearly basis, compared to its value during the same period of the previous year, which amounted to about QR 324.60 million.
On a semi-quarterly basis, exports of industrial gases increased by 27 percent compared to QR 357.81 million in H2-2022.
Steel: The value of exports of the steel commodity in H1-2023 amounted to QR 327.59 million, showing a y-on-y decrease by 37 percent, compared to QR 516.32 million in H1-2022. It also decreased by 48 percent compared to QR 632.87 million in H2-2022.
Petrochemicals: The value of petrochemicals exports in H1-2023 amounted to QR 324.88 million, recording a 70 y-on-y increase compared to the same period of the previous year, which amounted to QR 191.34 million. It also increased by 404 percent compared to QR 64.45 million in H2-2022.
Chemical Substances: The value of exports of the chemical substances amounted to QR 290.51 million, a decrease of 47 percent compared to its value in the same period of the previous year, which amounted to QR 550.17 million.
On a semi-quarterly basis, they also declined by 40 percent compared to its value in H2-2022, which amounted to QR 484.52 million.
Paraffin: The value of exports of this commodity in H1-2023 amounted to QR 206.53 million, a decrease of 47 percent on a yearly basis, compared to its value during the same period of the previous year, which amounted to about QR 329.95 million.
On a semi-quarterly basis, it also declined by 52 percent compared to QR 434.29 million in H2-2022.
Lotrene: The value of exports of this commodity in H1-2023 amounted to QR 127.02 million, a decrease of 83 percent y-on-y compared to its value during the same period of the previous year, which amounted to QR755.51million.
On a semi-quarterly basis, it also declined by 73 percent compared to its value in H2-2022, which amounted to QR 472.91 million.
Chemical Fertilizers: Exports of the chemical fertilizers decreased on a yearly basis by 90 percent, reaching a value of QR 63.43 million, compared to QR1,397.45 million in H1-2022.
On a semi-quarterly basis, it also decreased by 95 percent, which amounted QR 1,339.66 million.

These ten commodities exported by the private sector represent 94 percent of the total value of private export exports, according to the certificates of origin issued by the Qatar Chamber during H1-2023, which amounted to QR 14,416.94 million, registering a 7 percent y-on-y decrease compared to H1-2022 and a 9 percent decrease compared to H2-2022.

Graph (4): Exports according to the type of commodities in H1-2023, compared to H1 & H2 2022:

(Value in million riyals)

* Comparing data of H1/ 2023 with H1/ 2022 (On an annual basis)

**Comparing data of H1/2023 with H2/2022 (On a semi-annual basis basis)

Graph (5): The Relative Weight of the Most Significant Commodities Exported by the Private Sector in H1-2023:

The Relative Weight %

(5) Destinations of Private-Sector Exports in Terms of the Economic Blocs in H1-2023:

According to the type of certificates of origin issued by the Chamber, the 22-Asian countries bloc (excluding GCC and Arab countries) were at the top of economic blocs that received exports of private sector in H1-2023 which amounted to QR 9,052.38 million with a share of 56.60 percent of the total exports, followed by GCC states (5 states) which received exports amounted to QR 2,856.74 million or a share of 18.81 percent of the total value.

In third place came the group of EU states (18 states), with exports totaling QR 2,479.37 million representing 16.32 percent of the total value, followed by Arab countries (14 countries) excluding Arab countries excluding GCC states that received QR 571.91 million, a share of 3.77 percent and the USA with exports amounted to QR 112.44 million, or a share of 0.74 percent of the total exports.

The grouping of African Countries (33 countries) excluding Arab countries came in the sixth place, which received 0.52 percent of the total exports, with a value of QR 78.56 million, followed by other European countries (8 countries) which received exports estimated at QR 22.01 million or a share of 0.14 percent, and Other American Countries (12 countries) with a value of QR 0.06 percent of QR 8.58 million.

Then came the grouping of Oceania countries (2 countries), with exports amounting to QR 5.63 million, equivalent to 0.04 percent of the total exports.

Table (3) Destinations of Private-Sector Exports by Groupings and Economic Blocs in H2-2023:

Graph (6) Percentages of Private-Sector Exports by Groupings and Economic Blocs (H1- 2023):

The Relative Weight %

(6) Private Sector Exports According to Major Destinations in H1-2023:

In H1-2023, China was at the top of the countries of destination of private sector exports with close to QR 4,686.39 million, a share of 30.86 percent of the total exports.

It is followed by India with almost QR 2,863.38 million and a share of 18.85 percent and Oman with about QR 1,845.13 million, a share of 12.15 percent.

Netherlands came in fourth place with almost QR 1,426.94 million, a share of 9.40 percent and Singapore with exports amounted to about QR 609.07 million, a share of 4.01 percent.

Germany came in the sixth place which received exports amounting to QR594.71 million, a share of 3.92 percent, followed by UAE with almost QR 513.23 million, a share of 3.38 percent, Kuwait with QR 288.45 million, a share of 1.90 percent, Turkey with almost QR 276.57 million or 1.82 percent and Hong Kong with exports amounting to QR 185.06 million or a share of 1.22 percent of the total value.

Together, these ten countries accounted for 87.50 percent and a value of QR 13,288.93 million of the total value of private sector exports.

Table (4) The Most Important Trading Partners at The Level of Private Sector Exports in H1-2023:

Graph (6) The Most Significant Trading Partners at the Level of Private-Sector Exports in H1-2023:

Share (%) in total