The total value of Qatar's non-oil exports in 2017 reached QR18.1bn, according to Qatar Chamber’s latest monthly report on the foreign trade of the private sector.
The report was prepared based on certificates of origin issued by the chamber’s Research & Studies Department and Member Affairs Department in December 2017. As many as 2,687 certificates of origin were issued last month, the report said.
Non-oil exports in December 2017 stood at QR1.3bn, dropping 27.6% compared to the QR1.8bn recorded in November. On a year-on-year basis, non-oil exports fell 13% compared to the QR1.5bn recorded in December 2016.
The report said that Qatar’s non-oil exports in December were distributed to 61 countries compared to 53 in November.
The receiving countries included 12 Arab countries and GCC, 13 European countries (including Turkey), 14 Asian countries (excluding Arab countries), 19 African countries (excluding Arab countries), and three countries in the North and South Americas.
The report showed that despite the siege, there was an increase in the number of countries that received Qatari commodities.
Oman remained Qatar’s top non-oil exports destination in December, accounting for QR454.8mn, or 34.9%, of the total exports, followed by Hong Kong with QR196.9mn, or 15.1%, and Turkey with QR 107.3mn, or 8.2%. This was followed by Germany with QR95.5mn (7.3%) and Bangladesh with QR 77.4mn (5.9%). Other countries that followed were China, India, South Korea, Indonesia, and Kuwait.
The report said 88.5% of the total value of exports was received by the top 10 above mentioned countries.
Asian countries as an economic bloc were the top destinations of Qatari exports amounting to 38.68% of the total exports with QR502.9mn. This was followed by the GCC with 36.9% of the total value, or QR481.9mn.
European countries, including Turkey, imported goods worth QR220mn, representing 16.8% of the total non-oil exports, while Arab countries received QR68.1mn, or 5.2%. African countries received QR20.5mn, or 1.6%, while North American countries imported goods worth QR10.6mn.
Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani said despite the siege imposed on Qatar, “non-oil exports saw an increase month after month.”
“This affirmed that Qatar has successfully managed to overcome its repercussions. The surge in non-oil exports is emanated from the prudent policies and the wise leadership’s support to the private sector, which plays a key role in the economic process and becomes a major mainstay of Qatar trade exchange with world countries,” he said.
Qatar Chamber director general Saleh bin Hamad al-Sharqi said the Qatari private sector’s trade relations saw “substantial growth,” and noted that “there is great demand for Qatari products in world markets.”
“The number of markets receiving Qatari products last year reached 66 countries, which emphasised the quality of these products. The value of non-oil exports will see further growth in the future, especially since various industrial projects have been accomplished in the country,” he added.