Doha: The exports of the private sector in July as per certificates of origin issued by Qatar Chamber amounted to QR1.71bn, showing a year-to-year increase of 43 percent compared to QR1.2bn in the same month last year, according to economic newsletter released by Qatar Chamber. The newsletter, prepared by QCs Research & Studies Department, highlighted a report about exports of the private sector in July 2021.
Data showed that the value of exports in July remains close to its highest level at the beginning of pandemic, which amounted to QR1.95 bn in February 2020, while it registered a sharp increase of 200 percent when compared to the lowest level in April 2020.
In July 2021, the private sector’s exports of essential oils decreased by 34.8 on month-to-month, while they increased by 45.8 percent on year-to-year base.
Aluminum exports decreased by 25 percent on month-to-month base, while they increased by 44.3 percent on year-to-year base. Industrial gases exports decreased by 65.8 percent on month-to-month base and by 43.1 percent on year-to-year base, while lotrene exports increased by 18.7 percent on -month-to-month base and by 47.6 percent on year-to-year base.
As for economic blocs and groupings, GCC states bloc were at the top of economic blocs that received exports of private sector amounted to QR687m with a share of 40.1 percent of the total value, followed by Asian countries excluding GCC states with a share of 32.2 percent with exports of QR553m.
In third place came the group of EU states, with exports totaling QR362m representing 21.1 percent of the total value, followed by Arab countries excluding Arab countries excluding GCC states that received 80 million, a share of 4.6 percent, African Countries Group excluding Arab countries with exports amounted to QR16m, or a share of 0.9 percent of the total exports and USA with exports amounted to 11 million, or a share of 0.6 percent.
In June 2021, Oman was at the top of the countries of destination of private sector’s exports with close to QR426m, a share of 24.8 percent of the total exports.
It is followed by India with almost QR380m and a share of 22.2 percent and UAE with about QR244m, a share of 14.3 percent. Netherlands came in fourth place with almost QR189m, a share of 11 percent and Germany with exports amounted to about QR118m, a share of 6.9 percent. The value of private sector exports to these countries represented 79.2 percent of the total value of exports during the same month.
