Doha: The private sector exports value amounted to QR 33 bn in 2022, representing a 25 percent growth on an annualised basis compared to QR 26bn in 2021 and a 118 percent growth compared to QR 15bn 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 annualised basis compared to the same period of the previous year which amounted to QR7.69bn.
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 QR795 mn, showing an increase of 159.5 percent on an annual basis compared with QR 306m.
Exports through the Unified GCC model which estimated at QR1.4bn, recording an increase of 5.4 percent compared to QR 1.32bn on an annual basis in Q4/2021.
On the other hand, exports through the Unified Arab model amounted to QR145 mn, showing a decrease by 46.7 percent on a yearly basis in Q4/2021 which amounted to QR273mn.
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, and by 19.7 percent on a quarterly basis in Q3/2022 which amounted to QR5,715.27 mn.
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 125.3 percent on a yearly basis compared to its value during the same period of the previous year, which amounted to QR 957 million.
Similarly, steel exports amounted to QR286.7m, showing a y-on-y increase of 15.4 percent compared to QR248.4m in Q4-2021.
On the other hand, petrochemicals exports amounted to QR59.4m, recording a 73.7 y-on-y decrease compared to QR 225m in the same period of the previous year.
Industrial Gases exports amounted to QR 189.3m, 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 QR 708 million.Aluminum exports also decreased by 14.7 percent on a y-on-y basis, reaching QR1.57bn, compared to QR1.84bn in Q4-2021.
Essential and Industrial Oils exports amounted to QR 1.5bn, with a y-on-y 9.3 decrease, compared to the same period of the previous year which amounted to QR 1.64bn.
Chemical Fertilizers exports amounted to QR 666m, recording a decrease of 30.8 percent compared to its value in the same period of the previous year, which amounted to QR 962m.
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.
Lotrene exports amounted to QR 131.6m, 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.
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 QR 311m.
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.
