27-09-2023
In its quarterly report issued recently, the Qatar Chamber said that private sector exports during the second quarter of 2023 amounted to QAR 6.1 billion, representing a 30 percent decrease on an annualised basis compared to the same period last year.
The report also said according to the type of certificate of origin issued by the Chamber, private sector exports in H1-2023 reached QR 15.2 billion, recording a decline of 9 percent in H1-2022 which amounted to QR 16.6 billion.
Exports According to the Type of Commodities
QC report showed that exports of Essential and Industrial Oils in H1-2023 amounted to QR 8.1 billion, with a y-on-y 146 percent increase, compared to the same period of the previous year which amounted to QR 3.3 billion.
On the other hand, the value of exports of Fuel commodity amounted to QR 3.1 billion, 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 3.7 billion.
Similarly, the value of exports of Aluminum commodity in H1-2023 declined by 67 percent on a y-on-y basis, reaching QR 1.43 billion, compared to QR 4.35 billion in H1-2022.
The newsletter noted that the Industrial Gases commodity in H1-2023 amounted to QR 453 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 million.
On the other hand, the value of exports of the steel commodity in H1-2023 amounted to QR 327 million, showing a y-on-y decrease by 37 percent, compared to QR 516 million in H1-2022.
The value of petrochemicals exports in H1-2023 amounted to QR 324 million, recording a 70 y-on-y increase compared to the same period of the previous year, which amounted to QR 191 million.
Chemical Substances exports amounted to QR 290.5 million, a decrease of 47 percent compared to its value in the same period of the previous year, which amounted to QR 550.1 million.
According to the report, the Paraffin of exports in H1-2023 amounted to QR 206.5 million, a decrease of 47 percent on a yearly basis.
Similarly, the value of exports of Lotrene commodity amounted to QR 127 million, a decrease of 83 percent y-on-y compared to its value during the same period of the previous year.
Exports of the chemical fertilizers also decreased on a yearly basis by 90 percent, reaching a value of QR 63 million, compared to QR 1.39 million in H1-2022.
These ten commodities exported by the private sector represent 94.9 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 14.42 billion, registering a 7 percent y-on-y decrease compared to H1-2022.
Destinations as per Economic Blocs
As for economic blocs and groupings, 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 9.05 billion with a share of 56.60 percent of the total exports, followed by GCC states (5 states) which received exports amounted to QR 2.48 billion 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 2.48 billion representing 16.32 percent of the total value, followed by Arab countries (14 countries) excluding Arab countries excluding GCC states that received QR 571.9 million, a share of 3.77 percent and the USA with exports amounted to QR 112.4 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 78.5 million, followed by other European countries (8 countries) which received exports estimated at QR 22 million or a share of 0.14 percent, and Other American Countries (12 countries) with a value of QR 0.06 percent of QR 8.6 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. In H1-2023, private sector exports reached 115 countries worldwide.
Private Sector Trade Partners
In H1-2023, China was at the top of the countries of destination of private sector exports with close to QR 4.68 million, a share of 30.8 percent of the total exports.
It is followed by India with almost QR 2.86 million and a share of 18.8 percent and Oman with about QR 1.85 million, a share of 12.15 percent.
Netherlands came in fourth place with almost QR 1.42 million, a share of 9.4 percent and Singapore with exports amounted to about QR 609 million, a share of 4 percent.
Germany came in the sixth place which received exports amounting to QR 594.7 million, a share of 3.9 percent, followed by UAE with almost QR 513.2 million, a share of 3.38 percent, Kuwait with QR 288.4 million, a share of 1.9 percent, Turkey with almost QR 276 million or 1.8 percent and Hong Kong with exports amounting to QR 185 million or a share of 1.22 percent of the total value.
Together, these ten countries accounted for 87.5 percent and a value of QR 13.29 billion of the total value of private sector exports.
