The value of Qatar’s private sector exports crossed over the QR33bn mark in 2022, according to Qatar Chamber’s latest report.
This increase represented a 25% growth over QR26bn in 2021 and 118% compared to QR15bn in 2020, stated Qatar Chamber’s quarterly report, which was issued recently.
It also showed that the total value of private sector exports in Q4 2022 amounted to QR7.01bn, a 9% year-on-year (y-o-y) decrease from QR7.69bn due to the decline in the value of all models of certificate of origin, except for the GSP and the Unified GCC models, which showed a y-o-y increase.
Exports through the GSP model are estimated at QR795mn, showing a 159.5% y-o-y increase from QR306mn. Exports through the Unified GCC model, estimated at QR1.4bn, increased by 5.4% y-o-y compared to QR1.32bn.
Exports through the Unified Arab model stood at QR145mn, showing a 46.7% y-o-y decrease from QR273mn. Similarly, exports through the General model dropped 19.4% y-o-y to QR4.59bn in Q4 2021 and by 19.7% on a quarterly basis in Q3 2022, which amounted to QR5.71bn.
Exports through the Singapore model amounted to QR86.4mn, a decline by 8.9% y-o-y over QR94.9mn in Q4 2021.Exports through Agricultural and Livestock model amounted to QR0.144mn.
The report showed that only two out of 10 commodities increased during Q4 2022. Fuel exports stood at QR2.15bn, a 125.3% y-o-y increase compared to QR957mn. Steel exports amounted to QR286.7mn, showing a 15.4% y-o-y increase compared to QR248.4mn.
On the other hand, petrochemicals exports amounted to QR59.4mn in Q4 2022, recording a 73.7% y-o-y decrease compared to QR225mn. Industrial gases exports dropped 73% y-o-y to QR189.3mn from QR708mn. Aluminium exports also decreased by 14.7% y-o-y to QR1.57bn from QR1.84bn. Essential and industrial oils exports slipped 9.3% y-o-y to QR1.5bn from QR1.64bn.
Chemical fertilisers exports recorded 30.8% y-o-y decrease to QR666mn from QR962mn. Chemical substances exports also decreased by 51.4% y-o-y, reaching a value of QR145.3mn compared to QR339.2mn. Lotrene exports amounted to QR131.6mn, a decrease of 59.5% y-o-y compared QR325mn. Paraffin exports amounted to QR99.5mn, a 68% y-o-y decrease from QR311mn.
The report stated that these 10 commodities represent 96.6% of the total value of Qatar’s private sector exports, according to the certificates of origin issued by the Qatar Chamber during Q4 2022, which amounted to QR6.8bn, registering a 9.7% y-o-y decline.
Asian countries, excluding GCC and Arab countries, were at the top of economic blocs that received exports of private sector in Q42022, which amounted to QR3.01bn with a share of 42.9% of the total exports. This was followed by the EU, which received exports worth QR1.95bn or a share of 27.9% of the total value.
The rest are the group of GCC states (QR1.48bn exports, 21.1% share); the US (QR302.6mn, 4.3%); the group of Arab countries, excluding GCC states, (QR161.8mn, 2.3%); the grouping of other American countries (QR48.49mn, 0.69%); African countries, excluding Arab countries, (QR43.7mn, 0.62%); other European countries (QR6.47mn, 0.09%); and the grouping of Oceania (QR3.69mn, 0.05%).
A total of 95 countries received Qatari exports in Q4 2022. The African grouping topped the list with 28 countries, followed by Asia with 18 countries, the EU (15), and Arab countries, excluding GCC states, (14), the grouping of American countries (7), other European countries (6), the GCC (5), the USA, and Australia in the Oceania grouping.
In Q4 2022, the Netherlands was at the top of the countries of destination of private sector exports with close to QR1.39bn and a share of 19.8% of the total exports. It was followed by Oman with almost QR1.05bn and a share of 15% and India with about QR976mn, a share of 13.9%.
Others in the list include Turkiye (QR 572.5mn, 8.2% share), China (QR478mn, 6.8%), Germany (QR438.4mn, 6.3%), Bangladesh (QR433.1mn, 6.2%), the US (QR302.6mn, 4.3%), the UAE (QR207.5mn, 3%), and Singapore (QR201.1mn, 2.9%). Together, these 10 countries accounted for 86.3% and a value of QR6.05bn of private sector exports according to the certificate of origin in Q4 2022, totalling around QR7.01bn.
