Qatar Chamber (QC) said in its quarterly report that the export value of private sector in Q1 2022 hiked to QAR 7.7 billion($2.11bn) with a 46 percent growth compared to QAR 5.3 bn($1.46bn) in Q1 2021.
The report also mentioned the impact of the certificates of origin on the exports’ value, where exports holding certificates of preferential increased by 113.9 percent.
Similarly, exports holding general certificate of origin elevated by 67.3 percent; and export value increased in accordance with the Arab Region Certificate Form by 49.3 percent.
On the other hand, the GCC certificate value decreased by 13.7 percent, as did the Singapore Unified Certificate by 35.7 percent.
QC report indicated an increase in six out of 10 goods during Q1, where aluminium exports increased by 61.3 percent to reach QAR 1.92 billion, compared to last year’s QAR 1.19 billion.
The value of Qatari private sector exports stood at QR 7.7 billion during the first quarter of this year, reflecting a 46 percent growth compared to Q1-2021, Qatar Chamber quarterly report said.
The exports were received by 97 countries in the first quarter of 2o22. pic.twitter.com/qYDPXyszUx— Qatar Chamber (@Qatar_Chamber) June 26, 2022
During Q1 2022, Asian countries (excluding GCC and Arab countries) received 50.4 percent of total exports valued QAR 3.89 billion.
It makes them the top destinations that received Qatari private sector exports, as per the certificates of origin issued by QC.
EU ranked in second place receiving 24.2 percent of total exports valued QAR 1.87 billion.
In the third place, GCC received 15.7 percent of total exports valued QAR 1.21 billion.
India was the top business partner receiving exports valued around QAR 1.79 billion representing 32.2 percent of total exports.
Netherlands ranked the second place receiving around QAR 1.2 billion in its markets representing 15.6 percent of total exports.
Turkey ranked third place receiving exports valued QAR 565 MM representing 7.3 percent.