Private Sector Exports Quarterly Report – Fourth Quarter 2022

Private Sector Exports Quarterly Report - (October-December) 2022

Fourth Quarter 2022

(1) Analysis of Private Sector Exports based on Certificates of Origin (Q4 – 2022):

The total value of private sector exports (according to the certificate of origin issued by the Qatar Chamber) during the fourth quarter (Q4) of 2022 amounted to QR 7.01 billion, showing a decrease of 9 percent on an annualised basis compared to the same period of the previous year which amounted to QR 7.69 billion.

On a quarterly basis, it also declined by 25 percent compared to QR 9.40 billion in Q3 of the same year.

This decline is attribute to the hosting of the FIFA World Cup Qatar 2022 (From November 20 to December), as the state significantly focused on meeting the requirements of this event at all levels and providing all amenities for more than a million visitors within a short period.

Graph (1) Level of Exports (From Q4-2021 to Q4-2022):

No Data Found

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

Table (1) Analysis by the type of Certificate of Origin (Q4-2022 compared with Q4-2021 and Q3-2022):

* Comparing data of Q4/ 2022 with Q4/ 2021 (On an annual basis)
**Comparing data of Q4/2022 with Q3/2022 (On a quarterly basis)

Graph (2) Exports by Type of Certificate:

(Value in million riyals)

No Data Found

Data indicate that the decline in the total value of exports of the private sector during Q4/2022 was due to the decrease in the value of all models of certificate, except for the GSP and the Unified GCC models, which showed an increase on an annualized basis.

As for the GSP model, the exports through this model are estimated at QR795 mn, showing an increase of 159.5 percent on an annual basis compared with QR 306.5 mn, while they declined by 9.4 percent compared with QR 877.63 mn on a quarterly basis in Q3/2022.

Exports through the Unified GCC model which estimated at QR 1,398.03 mn, recording an increase of 5.4 percent compared to QR 1,326 mn on an annual basis in Q4/2021, while it decreased by 39.7 percent on a quarterly basis compared to its value in Q3/2022.

On the other hand, exports through the Unified Arab model amounted to QR145.97 mn, showing a decrease by 46.7 percent on a yearly basis in Q4/2021 which amounted to QR273.63 mn and by 38.9 percent on a quarterly basis which amounted to QR239.06 mn in Q3/2022.

Exports through the General model amounted to QR4,587.63 mn, a decrease of 19.4 percent y-on-y during Q4/2021 which amounted to QR5,688.68 mn, and by 19.7 percent on a quarterly basis in Q3/2022 which amounted to QR5,715.27 mn.

 

Exports through the Singapore model amounted to QR 86.41 mn, a decline by 8.9 percent on a y-on-y basis compared to QR 94.87mn in Q4/2021 and by 62 percent on a quarterly basis compared to QR 227.18mn in Q3/2022.

Exports through Agricultural and Livestock model amounted to QR0.144mn.

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

Table (2) Exports by most significant commodities in Q4-2022 compared to Q3-2022 and Q4-2021:

Table (2): Total exports by Major Countries of Destination- July 2021

* Comparing data of Q4/ 2022 with Q4/ 2021 (On an annual basis)
**Comparing data of Q4/2022 with Q3/2022 (On a quarterly basis)

Graph (3) Private sector exports by most significant commodities in Q4-2022:

Value of exports in billion

No Data Found

Graph (4) The Relative Weight of the Most Significant Commodities Exported by the Private Sector in Q4-2022:

The Relative Weight %

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Data showed that exports of all commodities decreased, whether on an annual or quarterly basis, except for two commodities which increased on a yearly basis and three commodities which increased on a quarterly basis. Below, we review the commodities in the list orderly (according to the highest value in Q4-2022):

  1. Fuel: The value of exports of this commodity in Q4-2022 amounted to QR 2.156 billion, showing a significant increase of 125.3 percent on a yearly basis compared to its value during the same period of the previous year, which amounted to QR 956.95 million. On a quarterly basis, it decreased by 23.9 percent compared to QR 2.83 billion in Q3-2022.
  2. Steel: The value of exports of the steel commodity amounted to QR 286.67 million, showing a y-on-y increase of 15.4 percent compared to QR 248.43 million in Q4-2021. While it decreased quarterly by 17.2 percent compared to QR 346.20 million in Q3-2022.
  3. Petrochemicals: The value of petrochemicals exports amounted to QR 59.35million, recording a 73.7 y-on-y decrease compared to QR 225.55 million in the same period of the previous year. On a q-on-q basis, it increased sharply by 1064 percent compared to QR 5.10 million in Q3/2022.
  4. Industrial Gases: The value of exports of this commodity in Q4-2022 amounted to QR 189.26 million, a decrease of 73.3 percent on a yearly basis, compared to its value during the same period of the previous year, which amounted to about QR 708.48 million. On a quarterly basis, exports of industrial gases increased by 12.3 percent compared to QR 168.55 million in Q3/2022.
  5. Aluminum: The value of exports of this commodity in Q4-2022 decreased by 14.7 percent on a y-on-y basis, reaching QR1,572.47 million, compared to QR1,843.66 million in Q4-2021. On a quarterly basis, aluminum exports increased by 2.8 percent compared to its value in Q3-2022, which amounted to QR 1,529.90 million.
  6. Essential and Industrial Oils: This commodity’s exports amounted to QR 1,491.78 million, with a y-on-y 9.3 decrease, compared to the same period of the previous year which amounted to QR 1,645.09 million. Quarterly, it also decreased by 40.1 percent, compared to its value in Q3-2022, which amounted to QR ,490.64 million.
  7. Chemical Fertilizers: Chemical substances exports amounted to QR 665.99 million, recording a decrease of 30.8 percent compared to its value in the same period of the previous year, which amounted to QR 962.46 million. On a quarterly basis, they also declined by 1.1 percent compared to its value in Q3- 2022, which amounted to QR 673.67 million.
  8. Chemical Substances: Exports of the chemical fertilizers decreased on a yearly basis by 51.4 percent, reaching a value of QR145.31 million, compared to the same period last year which amounted to QR339.21 million. On a quarterly basis, they also decreased by 57.2, which amounted QR 298.71million in Q3/2022.
  9. Lotrene: The value of exports of this commodity in Q4-2022 amounted to QR 131.65 million, a decrease of 59.5 percent y-on-y compared to its value during the same period of the previous year, which amounted to QR324.99 million. On a quarterly basis, it also decreased by 61.4 percent compared to its value in Q23-2022, which amounted to QR 341.26 million.
  10. Paraffin: The value of exports of this commodity in Q4-2022 amounted to QR99.45 million, a decrease of 68 percent on a yearly basis, compared to its value during the same period of the previous year, which amounted to about QR 310.90 million. Quarterly, it also declined by 70.3 percent compared to the value of exports from it during Q3/2022, which amounted to QR 334.84 million.

These ten commodities exported by the private sector represent 96.9 percent of the total value of private export exports, according to the certificates of origin issued by the Qatar Chamber during Q4/2022, which amounted to QR 6,798.21 million, registering a 9.7percent y-on-y decline compared to Q4/2021 and a 25 percent q-on-q decline compared to Q3/2022.

(1-3) Destinations of Private-Sector Exports in Terms of the Economic Blocs in Q4/2022:

Table (3) Destinations of Private-Sector Exports by Groupings and Economic Blocs in Q4/2022:

Graph (5) Percentages of Private-Sector Exports by Groupings and Economic Blocs in Q4/2022:

Share (%) in total

No Data Found

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 Q4/2022 which amounted to QR 3,010.20 million with a share of 42.92 percent of the total exports, followed by the EU which received exports amounted to QR 1,957.21 million or a share of 27.91 percent of the total value.

In third place came the group of GCC states, with exports totaling QR 1,479.21 million representing 21.09 percent of the total value, followed by the USA that received QR 302.63 million, a share of 4.31 percent and the group of Arab countries excluding GCC states with exports amounted to QR 161.86 million, or a share of 2.31 percent of the total exports.

The grouping of Other American Countries came in the sixth place, which received 0.69 percent of the total exports, with a value of QR 48.49 million, followed by African Countries excluding Arab countries which received exports estimated at QR43.69 million or a share of 0.62 percent, Other European Countries with a value of QR 0.09% of QR 6.47 million and the grouping of Oceania which received exports estimated at QR 3.69 million or a share of 0.05 percent of the total exports.

The number of countries receiving Qatari exports in Q4-2022 was 95 countries in the above economic groupings. The African grouping topped them with 28 countries, followed by Asia with 18 countries, the European Union with 15 and Arab countries excluding GCC states with 14 countries for each,

Then, the grouping of American countries with 7 countries, followed by other European countries with 6 countries, the GCC with 5 countries, and lastly the USA and one country (Australia) in the Oceania grouping.

(1-4) Private Sector Exports as per Major Destinations during Q4-2022:

Table (4) The Most Important Trading Partners at The Level of Private Sector Exports in Q4-2022:

Graph (6) The Most Significant Trading Partners at the Level of Private-Sector Exports during Q4/2022:

Share (%) in total

No Data Found

In Q4/2022, Netherlands was at the top of the countries of destination of private sector exports with close to QR 1,389.28 million, a share of 19.8 percent of the total exports.

It is followed by Oman with almost QR 1,054.06 million and a share of 15 percent and India with about QR 976 million, a share of 13.9 percent.

Turkey came in fourth place with almost QR 572.52 million, a share of 8.2 percent and China with exports amounted to about QR 477.98 million, a share of 6.8 percent.

Germany came in the sixth place which received exports amounting to QR438.40million, a share of 6.3 percent, followed by Bangladesh with almost QR 433.13 million, a share of 6.2 percent, USA with QR 302.62 million, a share of 4.3 percent, UAE with almost QR 207.51 million or 3 percent and Singapore with exports amounting to QR 201.15 million or a share of 2.9 percent of the total value.

Together, these ten countries accounted for 86.3 % and a value of QR 6,052.65 million of private sector exports according to the certificate of origin during Q4 of 2022, totaling around QR 7,013.45 million.

Development of private sector exports from 2020 to 2022

No Data Found

Data of the table above show that the value of private sector exports, according to the certificate of origin issued by the Qatar Chamber during 2022, amounted to about QR 33.042 billion, an increase of 25 percent compared with QR 26.356 billion in 2021, and an increase of 118 percent compared with QR 15.175 billion in 2020.

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