Qatar’s private sector exports in July 2021 stood at QR1.71bn or a 43% increase over QR1.2bn recorded in the same month last year, Qatar Chamber reported in the September issue of its monthly newsletter.
The newsletter, which highlights the most prominent trends in the Qatari economy, as well as statistics related to foreign and private sector trade in July based on the certificates of origin issued by Qatar Chamber. The newsletter is prepared by the chamber’s Research & Studies Department.
Data showed that the value of exports in July remained close to its highest level at the beginning of the pandemic, amounting to QR1.95bn in February 2020. It registered a sharp 200% increase when compared to the lowest level in April 2020 when strict precautionary measures to curb the spread of Covid-19 were implemented.
In July 2021, the private sector’s exports of essential oils decreased by 34.8% month-on-month (m-o-m), but saw a 45.8% year-on-year (y-o-y) increase. Aluminum exports slipped 25% m-o-m, but increased 44.3% year-on-year.
The newsletter, which highlights the most prominent trends in the Qatari economy, as well as statistics related to foreign and private sector trade in July based on the certificates of origin issued by Qatar Chamber. The newsletter is prepared by the chamber’s Research & Studies Department.
Data showed that the value of exports in July remained close to its highest level at the beginning of the pandemic, amounting to QR1.95bn in February 2020. It registered a sharp 200% increase when compared to the lowest level in April 2020 when strict precautionary measures to curb the spread of Covid-19 were implemented.
In July 2021, the private sector’s exports of essential oils decreased by 34.8% month-on-month (m-o-m), but saw a 45.8% year-on-year (y-o-y) increase. Aluminum exports slipped 25% m-o-m, but increased 44.3% year-on-year.
Industrial gases exports decreased by 65.8% m-o-m base and by 43.1% y-o-y, while lotrene exports increased 18.7% m-o-m and by 47.6% y-o-y. Paraffin exports were up 68.7% m-o-m and increased 101.7% y-o-y, while chemical fertilisers dropped 50.9% m-o-m and by 15% y-o-y.
Petrochemicals increased by 7.8% m-o-m and 117.3% y-o-y, while steel exports fell 99.3% m-o-m and by 250% y-o-y. Chemical substances went down slightly m-o-m, but increased 157% y-o-y.
The newsletter reported that GCC states topped the list of economic blocs that received private sector exports worth QR687mn with a share of 40.1% of the total value, followed by Asian countries, excluding GCC states, with a 32.2% share with exports worth QR553mn.
EU states registered exports totaling QR362mn, representing 21.1% of the total value, followed by Arab countries, excluding GCC states, and received QR80mn or a 4.6% share. The African Countries Group, excluding Arab countries, posted QR16mn worth of exports or 0.9%, while the US exports amounted to QR11mn or 0.6%. Other European Countries Group received exports of QR0.4mn.
In June 2021, Oman was the top country of destination of Qatar’s private sector exports with close to QR426mn or a 24.8% share of the total exports. It is followed by India with almost QR380mn (22.2% share), the UAE (QR244mn, 14.3%), Netherlands (QR189mn, 11%), and Germany (QR118mn, 6.9%). The value of private sector exports to these countries represented 79.2% of the total value of exports during the same month.
Citing July figures from the Planning and Statistics Authority, the total value of foreign merchandise trade reached QR35.34bn, a 5.2% increase over QR33.58bn in June, and a significant 68.7% increase over QR20.95bn in July 2020.
In July 2021, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR27.47bn, showing a sharp increase of 101.9% compared to QR13.60bn in July last year, and an 8.7% increase compared to QR25.27bn in June 2021. The imports of goods in the said month amounted to around QR7.87bn or a 5.3% decrease compared to QR8.31bn in June.
Therefore, the country’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR19.6bn, recording a 15.5% m-o-m decrease, and a 213% y-o-y increase. In July, China topped the list of countries of destination for Qatar’s foreign trade with about QR5.65bn, a 15.98% share of Qatar’s total foreign trade.
Petrochemicals increased by 7.8% m-o-m and 117.3% y-o-y, while steel exports fell 99.3% m-o-m and by 250% y-o-y. Chemical substances went down slightly m-o-m, but increased 157% y-o-y.
The newsletter reported that GCC states topped the list of economic blocs that received private sector exports worth QR687mn with a share of 40.1% of the total value, followed by Asian countries, excluding GCC states, with a 32.2% share with exports worth QR553mn.
EU states registered exports totaling QR362mn, representing 21.1% of the total value, followed by Arab countries, excluding GCC states, and received QR80mn or a 4.6% share. The African Countries Group, excluding Arab countries, posted QR16mn worth of exports or 0.9%, while the US exports amounted to QR11mn or 0.6%. Other European Countries Group received exports of QR0.4mn.
In June 2021, Oman was the top country of destination of Qatar’s private sector exports with close to QR426mn or a 24.8% share of the total exports. It is followed by India with almost QR380mn (22.2% share), the UAE (QR244mn, 14.3%), Netherlands (QR189mn, 11%), and Germany (QR118mn, 6.9%). The value of private sector exports to these countries represented 79.2% of the total value of exports during the same month.
Citing July figures from the Planning and Statistics Authority, the total value of foreign merchandise trade reached QR35.34bn, a 5.2% increase over QR33.58bn in June, and a significant 68.7% increase over QR20.95bn in July 2020.
In July 2021, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR27.47bn, showing a sharp increase of 101.9% compared to QR13.60bn in July last year, and an 8.7% increase compared to QR25.27bn in June 2021. The imports of goods in the said month amounted to around QR7.87bn or a 5.3% decrease compared to QR8.31bn in June.
Therefore, the country’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR19.6bn, recording a 15.5% m-o-m decrease, and a 213% y-o-y increase. In July, China topped the list of countries of destination for Qatar’s foreign trade with about QR5.65bn, a 15.98% share of Qatar’s total foreign trade.