Private Sector Exports Quarterly Report (Third Quarter)

Private Sector Exports Quarterly Report

Third Quarter July-September 2023

A. Analysis of Private Sector Exports based on Certificates of Origin (Third Quarter – 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 3,247.11 million. This reflects a 65 percent decrease on an annualized basis compared to the same period of the previous year, which amounted to QR 9,378.27 million. On a quarterly basis, there was also a 47 percent decline compared to QR 6,106.34 million in Q2 of 2023.

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

No Data Found

B. Private Sector Exports According to the Type of Certificate of Origin in Q3-2023:

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 60 percent increase compared to Q3/2022 (QR 23.06 million) and 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 63 percent decrease compared to Q3/2022 (QR 5,715.27 million) and a 49 percent decrease compared to Q2/2023 (QR 4,114.80 million).

Exports through the Unified Arab Model reached QR 610.76 million, declining by 74 percent compared to Q3-2022 (QR 2,319.12 million) and by 49 percent compared to Q2-2023 (QR 1,200.14 million).

Exports through the Singapore Model amounted to QR 147.31 million, reflecting a 35 percent decline compared to Q3-2022 (QR 227.18 million) and a 65 percent decrease compared to Q2-2023 (QR 420.88 million).

No exports were registered through the Agricultural & Livestock Model and the GSP Model.

Table (1): Private sector exports in Q3/2023 compared to Q3/22 and Q3/23 as per to the type of certificate:

(Value in a million riyals)

Graph (2) Private sector exports in Q3/2023 according to the type of certificate:

(Value in million riyals)

No Data Found

C. Analysis of Private Sector Exports According to the Type of Commodities:

The data for Q3/2023 reveals that only three commodities in the list recorded an increase in export value, whereas the remaining seven commodities experienced a decline, both on an annualized and quarterly basis.

  1. Aluminum: In Q3/2023, the export value of this commodity decreased by 51 percent on a year-on-year basis, reaching QR 745.01 million, compared to QR 1,529.90 million in Q3-2022. On a quarterly basis, there was a 5 percent increase compared to its value in Q2/2023, which amounted to QR 706.71 million.”
  2. Industrial Gases: In Q3/2023, the export value of this commodity amounted to QR 213.88 million, reflecting a 27 percent increase on a yearly basis compared to the same period the previous year, where it was about QR 168.55 million. However, on a quarterly basis, exports of industrial gases decreased by 15 percent compared to Q2/2023, when the value was QR 252.38 million.
  3. Steel: In Q3-2023, the export value of the steel commodity amounted to QR 116.09 million, indicating a year-on-year decrease of 67 percent compared to QR 346.21 million in Q3/2022. However, it saw a substantial increase of 159 percent compared to QR 44.92 million in Q2/2023.”
  4. Petrochemicals: The value of petrochemical exports in Q3/2023 amounted to QR 41.62 million, marking a significant year-on-year increase of 716 percent compared to the same period in the previous year, where it was QR 5.10 million. However, on a quarterly basis, it decreased by 55 percent compared to QR 92.86 million in Q2/2023.
  5. Chemical Fertilizers: The value of chemical substances exports amounted to QR 37.38 million in Q3/2023, indicating a sharp year-on-year decrease of 95 percent compared to the same period in the previous year, when it was QR 673.67 million. On a quarterly basis, there was a marginal increase of 0.6 percent compared to its value in Q2/2023, which amounted to QR 37.17 million.
  6. Fuel: The value of exports of this commodity in Q3/2023 amounted to QR 790.44 million, indicating a 72 percent year-on-year decrease compared to its value during the same period of the previous year, which amounted to QR 2,831.98 million. On a quarterly basis, it also decreased by 54 percent compared to QR 1,713.54 million in Q2/2023.
  7. Essential and Industrial Oils: In Q3/2023, the exports of this commodity amounted to QR 765.09 million, reflecting a year-on-year decrease of 69 percent compared to the same period of the previous year, which amounted to QR 2,490.64 million. On a quarterly basis, it also decreased by 69 percent compared to its value in Q2/2023, which amounted to QR 2,431.68 million.
  8. Chemical Substances: The exports of chemical substances decreased by 64 percent on a yearly basis, reaching a value of QR 121.09 million compared to QR 339.20 million in Q3/2022. On a quarterly basis, there was also a 14 percent decrease, amounting to QR 140.52 million in Q2/2023.
  9. Paraffin: The value of exports of this commodity in Q3/2023 amounted to QR 67.01 million, marking an 80 percent year-on-year decrease compared to its value during the same period of the previous year, which amounted to about QR 334.84 million. On a quarterly basis, it also declined by 40 percent compared to QR 111.88 million in Q2/2023.
  10. Lotrene: The value of exports of this commodity amounted to QR 54.45 million, showing an 84 percent year-on-year decrease compared to its value during the same period of the previous year, which amounted to QR 341.26 million. On a quarterly basis, it also declined by 15 percent compared to its value in Q2/2023, which amounted to QR 63.94 million.

These ten commodities, exported by the private sector, represent 91 percent of the total value of private exports, as indicated by the certificates of origin issued by the Qatar Chamber during Q3/2023. The total value amounted to QR 2,952.06 million, marking a 67 percent year-on-year decrease compared to Q3/2022 and a 47 percent decrease compared to Q2/2023.

Table (2): Exports by most significant commodities in Q3/2023 compared to Q2/2023 and Q3/2022:

(Value in Million Qatari Riyals)

* Comparing data of Q3/ 2023 with Q3/ 2022 (On an annual basis)

**Comparing data of Q3/2023 with Q2/2023 (On a quarterly basis basis)

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

(Value in million riyals)

No Data Found

Graph (5): The Relative Weight of the Most Significant Commodities Exported by the Private Sector in Q3/2023:

The Relative Weight %

No Data Found

D. Destinations of Private-Sector Exports in Terms of the Economic Blocs in Q3/2023:

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 that received private sector exports in Q3/2023, amounting to QR 1,122.05 million, with a share of 34.6 percent of the total exports. Following closely is the group of EU states with exports totaling QR 885.37 million, representing 27.3 percent of the total value, and the group of GCC states which received exports amounting to QR 733.93 million, accounting for 22.6 percent of the total value.

In fourth place is the group of Arab countries, excluding GCC states, that received QR 413.97 million, with a share of 12.7 percent, followed by the USA with exports amounting to QR 56.55 million, or a 1.7 percent share of the total exports. The grouping of African Countries, excluding Arab countries, came in sixth place, receiving 0.7 percent of the total exports, with a value of QR 22.82 million. This is followed by the group of Other American Countries with a value of QR 5.14 million, equivalent to 0.16 percent of the total exports, the grouping of Oceania countries with exports amounting to QR 5.04 million, or 0.15 percent of the total exports, and other European countries which received exports estimated at QR 2.24 million, representing a share of 0.07 percent.

The number of countries receiving Qatari exports in Q3-2023 was 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.

Table (3) Destinations of Private-Sector Exports by Groupings and Economic Blocs in Q3/2023:

Graph (5) Percentages of Private-Sector Exports by Groupings and Economic Blocs (Q3/2023):

The Relative Weight %

No Data Found

(6) Private Sector Exports According to Major Destinations in Q3/2023:

In Q3/2023, Netherlands was at the top of the countries of destination of private sector exports with close to QR 504.74 million, a share of 16 percent of the total exports.

It is followed by Oman with almost QR 419.37 million and a share of 13 percent and Singapore with about QR 287.88 million, a share of 8.9 percent.

India came in fourth place with almost QR 280.21 million, a share of 8.6 percent and the UAE with exports amounted to about QR 241.16 million, a share of 7 percent.

China came in the sixth place which received exports amounting to QR 190.95 million, a share of 6 percent, followed by Tunisia with almost QR 172.91 million, a share of 5.3 percent, Germany with QR 154.27 million, a share of 4.8 percent, Turkey with almost QR 111.16 million or 3.4 percent and France with exports amounting to QR 108.20 million or a share of 3.3 percent of the total value.

Together, these ten countries accounted for 76.1 percent and a value of QR 2,470.85 million of the total value of private sector exports as per certificates of origin issued in Q3/2023 which amounted to QR 3,247.11 million.

Table (4) The Most Important Trading Partners at The Level of Private Sector Exports in Q3/2023:

Graph (6) The Most Significant Trading Partners at the Level of Private-Sector Exports in Q3/2023:

Share (%) in total

No Data Found

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