Doha: The private sector exports value amounted to QR33bn in 2022, representing a 25 percent growth on an annualized basis compared to QR26bn in 2021 and a 118 percent growth compared to QR15bn in 2020, according to the Qatar Chamber's quarterly report issued recently.
The report also showed that the total value of private sector exports during the fourth quarter (Q4) of 2022 amounted to QR7.01bn, showing a decrease of 9 percent on an annualized basis compared to the same period of the previous year which amounted to QR7.69bn.
The report attributed this decrease to the private sector's focus on meeting the needs of the FIFA World Cup Qatar 2022, during the period from November 20 to December 18, concentrating on providing amenities for more than a million visitors in a short period.
The newsletter indicated that the decline was due to the decrease in the value of all models of certificate of origin, except for the GSP and the Unified GCC models, which showed an increase on an annualized basis.
As for the GSP model, the exports through this model are estimated at QR795m, showing an increase of 159.5 percent on an annual basis compared with QR306m.
Exports through the Unified GCC model which estimated at QR1.4bn, recording an increase of 5.4 percent compared to QR1.32bn on an annual basis in Q4/2021.
On the other hand, exports through the Unified Arab model amounted to QR145m, showing a decrease by 46.7 percent on a yearly basis in Q4/2021 which amounted to QR273m.
Similarly, exports through the General model amounted to QR4.59bn, a decrease of 19.4 percent y-on-y during Q4/2021 which amounted to QR5.69bn. Exports through the Singapore model amounted to QR86.4m, a decline by 8.9 percent on a y-on-y basis compared to QR94.9m in Q4/2021.
Exports through Agricultural and Livestock model amounted to QR0.144m.
QC report showed that only two commodities out of 10 commodities increased during Q4.
Fuel exports amounted to QR2.15bn, showing a significant increase of 125 percent on a yearly basis compared to its value during the same period of the previous year, which amounted to QR957m.
Similarly, steel exports amounted to QR286.7m, showing a y-on-y increase of 15.4 percent compared to QR248.4m in Q4-2021.
Essential and Industrial Oils exports amounted to QR1.5bn, with a y-on-y 9.3 decrease, compared to the same period of the previous year which amounted to QR 1.64bn.
Aluminum exports also decreased by 14.7 percent on a y-on-y basis, reaching QR1.57bn, compared to QR1.84bn in Q4-2021.
Chemical Fertilizers exports amounted to QR666m, recording a decrease of 30.8 percent compared to its value in the same period of the previous year, which amounted to QR962m.
The report indicated that Lotrene exports amounted to QR131.6m, a decrease of 59.5 percent y-on-y compared to its value during the same period of the previous year, which amounted to QR325m.
Chemical Substances exports decreased on a yearly basis by 51.4 percent, reaching a value of QR145.3m, compared to the same period last year which amounted to QR339.2m.
Paraffin exports amounted to QR99.5m, a decrease of 68 percent on a yearly basis, compared to its value during the same period of the previous year, which amounted to about QR311m.
Industrial Gases exports amounted to QR189.3m, a decrease of 73 percent on a yearly basis, compared to its value during the same period of the previous year, which amounted to about QR708m.
On the other hand, petrochemicals exports amounted to QR59.4m, recording a 73.7 y-on-y decrease compared to QR225m in the same period of the previous year.
The newsletter said that these ten commodities exported by the private sector represent 96.6 percent of the total value of private export exports, according to the certificates of origin issued by the Qatar Chamber during Q4/2022, which amounted to QR6.8bn, registering a 9.7 percent y-on-y decline compared to Q4/2021.
As for economic blocs and groupings, the Asian countries (excluding GCC and Arab countries) were at the top of economic blocs that received exports of private sector during Q4/2022 which amounted to QR3.01bn with a share of 42.9 percent of the total exports, followed by the EU which received exports amounted to QR1.95bn or a share of 27.9 percent of the total value.
In third place came the group of GCC states, with exports totaling QR1.48bn representing 21.1 percent of the total value, followed by the USA that received QR302.6m, a share of 4.3 percent and the group of Arab countries excluding GCC states with exports amounted to QR161.8m, or a share of 2.3 percent of the total exports.
The grouping of Other American Countries came in the sixth place, which received 0.69 percent of the total exports, with a value of QR48.49m,followed by African Countries excluding Arab countries which received exports estimated at QR43.7m or a share of 0.62 percent, Other European Countries with a value of QR 0.09% of QR6.47m and the grouping of Oceania which received exports estimated at QR3.69m or a share of 0.05 percent of the total exports.
The number of countries receiving Qatari exports in Q4-2022 was 95 countries in the above economic groupings. The African grouping topped them with 28 countries, followed by Asia with 18 countries, the European Union with 15 and Arab countries excluding GCC states with 14 countries for each, Then, the grouping of American countries with 7 countries, followed by other European countries with 6 countries, the GCC with 5 countries, and lastly the USA and one country (Australia) in the Oceania grouping.
In Q4/2022, Netherlands was at the top of the countries of destination of private sector exports with close to QR1.39bn, a share of 19.8 percent of the total exports.
It is followed by Oman with almost QR1.05bn and a share of 15 percent and India with about QR976m, a share of 13.9 percent.
Turkey came in fourth place with almost QR572.5m, a share of 8.2 percent and China with exports amounted to about QR478m, a share of 6.8 percent.
Germany came in the sixth place which received exports amounting to QR438.4m, a share of 6.3 percent, followed by Bangladesh with almost QR433.1m, a share of 6.2 percent, USA with QR302.6m, a share of 4.3 percent, UAE with almost QR207.5m or 3 percent and Singapore with exports amounting to QR201.1m or a share of 2.9 percent of the total value.
Together, these ten countries accounted for 86.3 percent and a value of QR6.05bn of private sector exports according to the certificate of origin during Q4 of 2022, totaling around QR7.01bn.
