Doha: The Planning and Statistics Authority (PSA) has released Quarterly Export Unit Value Index (EXUVI) for the Second quarter of 2022 based on 2018, as new chain added to statistical indicators calculated by PSA. The importance of this indicator come from in which can monitors a changes of a unit value of export goods and reflect the economy status of the country.
The release of this indicator also one of the requirements of the plan of the Statistics and Planning Authority in providing accurate statistical information and data that support the decision-maker.
Standard International Trade Classification Index (SITC4) are used in calculating this indicator, which is classified the data into ten main groups contain 56 commodities classified according to the Harmonized System (HS). Each main group have relative weights depends on its value on the base year 2018.
The highest relative weight was for “Mineral fuels, lubricants and related materials” 88.77 percent, the second position was for “Chemicals and related products, n.e.s” with 8.04 percent, and the third position was for “Manufactured goods classified chiefly by material” with 2.63 percent.
These three groups together make about 99.5 percent of the EXUVI basket.
In this quarter the Export unite value index (Q4-2022) decreased by 13.0 percent, when compared to the previous quarter (Q3-2022), also when compared it with its counterpart in the previous year (Q4-2021) decreased by 1.75 percent. An analysis [on Q-o-Q basis] of EXUVI for Q4- 2022 compared with EXUVI, Q3-2022, showed that there were four main groups, where respective indices in this month have increased, namely: “Mineral fuels, lubricants and related materials” by 14.12 percent, followed by “Chemicals and related products” by 2.98 percent, “Manufactured goods classified chiefly by material” by 2.12 percent, and “Machinery and transport equipment” by 1.12 percent.
An increase has been recorded in “Crude materials, inedible, except fuels” by 5.3 percent, followed by “Miscellaneous manufactured articles” by 4.84 percent, and “Beverages and Tobacco” by 3.64 percent. and no change are noticed in “Food and live animals”, “Animal and vegetable oils, fats and waxes”, and “Commodities and transactions not classified elsewhere in SITC”.
A comparison of EXUVI Q4-2022 with the EXVUI Q4-2021 (Annual change), a decrease has been recorded in the general index (EXUVI), by 1.75 percent.
This [Y-o-Y] value decreases primary due to the unite value rising in five groups namely: “Food and live animals” by 19.8 percent followed by “Chemicals and related products, N.E.C” by 17.22 percent, “Crude materials, inedible, except fuels” by 3.89 percent, “Miscellaneous manufactured articles” by 2.38 percent, and “Mineral fuels, lubricants and related materials” by 0.28 percent.
An increase has been shown in “Beverages and Tobacco” by 15.96 percent, “Machinery and transport equipment” by 6.54 percent, and “Manufactured goods classified chiefly by material” by 4.89 percent. no change is noticed in “Animal and vegetable oils, fats and waxes”, and “Commodities and transactions not classified elsewhere in SITC”.
