Qatar’s Export Unit Value Index (EXUVI) has increased by 61.05 percent in Q1 2022 compared to Q1 2021.
The Planning and Statistics Authority (PSA) released its Quarterly EXUVI for Q1 2022 as a new chain is added to statistical indicators calculated by PSA.
The addition is as per the policy of PSA 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 classifies the data into ten main groups containing 56 commodities classified according to the Harmonized System (HS).
Each main group have relative weights depending on its value in 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.
The third position was for “Manufactured goods classified chiefly by material” with 2.63 percent and these three groups together form 99.5 percent of the EXUVI basket.
An important feature of the EXUVI index in Q1 2022 was its increase by 6.76 percent, compared to the previous quarter (Q4 2021).
There are seven main groups according to EXUVI Q1 2022, compared to Q4 2021 whose respective indices have increased.
The “Manufactured goods classified chiefly by material” increased by 11.48 percent and “Mineral fuels, lubricants and related materials” increased by 7.59 percent.
Also, “Miscellaneous manufactured articles” increased by 5.73 percent, while “Beverages and Tobacco” increased by 2.5 percent and Food and live animals” increased by 1.53 percent, respectively.
Moreover, “Commodities and transactions not classified elsewhere in SITC” increased by 1.2 percent, and “Machinery and transport equipment” increased by 0.5 percent
“Chemicals and related products” decreased by 1.81 percent, while “Crude materials, inedible, except fuels” and “Animal and vegetable oils, fats and waxes” were unchanged.
This Y-o-Y value increased primarily due to the unit value rising in eight groups namely: “Mineral fuels, lubricants and related materials” by 63.66 percent,
The “Chemicals and related products, N.E.C” increased by 48.3 percent, while Manufactured goods classified chiefly by material” hiked by 39.04 percent.
“Animal and vegetable oils, fats and waxes” went up by 29.12 percent, and “Miscellaneous manufactured articles” increased by 26.79 percent.
Also, “Machinery and transport equipment” increased by 3.41 percent, “Beverages and Tobacco” by 2.5 percent, and “Crude materials, inedible, except fuels” by 0.55 percent.
“Commodities and transactions not classified elsewhere in SITC” decreased by 7.89 percent, and in “Food and live animals” went down by 3.23 percent.