Qatar’s private sector exports during the second quarter of 2022 amounted to QAR 8.92 billion ($2.44 billion), a 21 percent growth on annual basis compared to QAR 7.73 billion in Q2-2021, said Qatar Chamber in its quarterly report.
On a quarterly basis, it also surged 15.4 percent compared to QR 7.73 billion in Q1-2022.
The report attributed the surge to the private sector’s ability to adapt to fluctuating economic conditions and to achieve rising growth rates, especially after the Covid-19 pandemic.
Fuel exports increased by 283 percent reaching up to QR 2.5 billion compared to QR 657 billion in Q1-2021, while aluminum exports grew by 70.1 percent on a yearly basis, reaching QR2,44 billion, compared to QR1,43 billion in Q2-2021, according to QNA.
Lotrene (low density polyethylene)exports reached QR 388.5 million compared to QR 334.9 million last year, representing a 16 percent increase, while chemical fertilizers exports increased sharply by 5.652.4 percent, which amounted to QR355.5 million, while its value during Q2-2021, was only QR6.18 million.
As for economic blocs and groupings, the Asian countries (excluding GCC and Arab countries) received most exports, followed by GCC states, EU states, Arab countries excluding GCC states and the USA.
In Q2-2022, India was at the top of the countries of destination of private sector exports with close to QR 1,8 billion, a share of 20.1 percent of the total exports.
