Qatar’s non-oil exports jumped 100.3% to reach QR2.66bn year-on-year (y-o-y) in July 2018 and QR1.65bn or a 60.7% increase month-on-month (m-o-m), according to Qatar Chamber’s latest report.
The report was based on 3,843 certificates of origin issued in July 2018 by the chamber’s Research & Studies Department and Member Affairs Department to 60 international markets compared to 58 countries in the previous month.
The report said Sri Lanka was Qatar’s top non-oil exports destination in July with QR771.1mn or 29% of the total exports followed by Oman with QR446.8mn (16.8%), Singapore (QR296.7mn or 11.2%), Hong Kong (QR 244.1mn, 9.2%), Turkey (QR112.3mn, 4.2%), the Netherlands, Germany, India, the US, and Australia.
Qatar Chamber director general Saleh bin Hamad al-Sharqi
Statistics in July showed that Qatar’s exports reached 60 destinations, including 13 Arab and GCC countries; 13 European countries, including Turkey; 16 Asian countries, excluding Arab countries; 13 African countries, excluding Arab countries; four countries in North and South America, and Australia.
The report shows that Asian countries, excluding Arab countries topped the economic blocs that received Qatar’s non-oil exports with QR 1.51bn. The GCC countries (Oman and Kuwait) imported QR468.4mn, while European countries, including Turkey received QR340.2mn worth of goods.
Arab countries, excluding GCC countries imported QR106.8mn worth of products from Qatar followed by North America, Australia, African countries, excluding Arab countries, and South America.
Qatar Chamber director general Saleh bin Hamad al-Sharqi said the y-o-y increase in July’s exports “represented a real indicator on the development of non-oil productive sectors thanks to the facilitation provided by the government to the industrial sector.”
He said the increasing demand on Qatari products, “which are of high quality and comply with all international standards,” affirms the “increased confidence” on Qatar’s products in the international markets.
He praised the development of the national industry sector, expressing gratitude to all companies in the aluminium, iron and steel, chemical fertilisers, chemicals, industrial gases, and other petrochemical industries.
“I hope to see Qatar’s food products among non-oil exports, especially in light with the significant interest and support from all entities in over the past period,” al-Sharqi pointed out.
He also affirmed the chamber’s “continuous support” to the country’s efforts to encourage and boost the industrial sector and achieve economic diversification, which represents a key pillar of the Qatar National Vision 2030.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Qatar-Turkey Law and Investment Forum kicks off in Istanbul
Asia seen needing $800bn in next decade to feed itself
Pakistan govt sees $40bn potential in clean energy
Banks erect financial ‘fence’ as crisis sweeps Lebanon amid protests
Opec’s flaring crises add new risk for oil supply
Stock markets slip as trade war fears resurge
Asia markets sink on trade fears as Congress passes HK rights bill
Qatar, Russia in talks to identify new and promising mutually beneficial projects, says al-Kuwari