Doha, Qatar — Qatar’s private sector exports hit QR 9.1 billion ($2.49 billion) in the first quarter of 2023, representing a 17.5 percent growth year-on-year (YoY) compared to QR 7.73 billion in Q1 of 2022.
According to Qatar Chamber’s quarterly report issued Tuesday, exports through the General Model amounted to QR 7.35 billion, an increase of 32.3 percent YoY compared to QR 5.55 billion in Q1 of 2022.
Similarly, exports through the Unified GCC Model reached QR 1.46 billion, growing by 26.8 percent compared to QR 1.15 billion in Q1 of 2022.
The report said that exports through the Unified Arab Model reached QR139.30 million, showing a decrease of 52.5 percent on a YoY basis compared to QR239.34 million in Q1 of 2022.
Exports through the GSP Model were estimated to have hit QR15.18 million, compared to QR616.43 million in Q1 of 2022.
Exports through the Singapore Model which stood at QR106.1 million, showed a decrease of 0.5 percent compared to QR106.7 million in Q1 of 2022.
Based on the type of certificate of origin issued by the Chamber, the report said that the Essential and Industrial Oils exports in Q1 of 2023 amounted to QR 5.66 billion, with a YoY 222 percent increase, compared to the same period of the previous year which amounted to QR 1.75 billion.
As for economic blocs and groupings, the Asian countries (excluding GCC and Arab countries) were at the top of economic blocs that received exports of private sector during Q1 of 2023 which amounted to QR 6.2 billion with a share of 68.15 percent of the total exports, followed by GCC states which received exports of QR 1.52 billion or a share of 16.8 percent of the total value.
In third place came the group of EU states, with exports totaling QR 1.09 billion representing 12.05 percent of the total value.
The Chamber report said a total of 96 countries received Qatari exports in Q1 of 2023. China was the top recipient of Qatari private sector exports amounting to QR 3.1 billion, a share of 34.1 percent. It is followed by India with almost QR 2.4 billion and a share of 26 percent, and Oman with about QR989 million, a share of 10.9 percent.Â
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