Doha: Asian countries occupied a dominating position in Qatar’s exports during the third quarter (Q3) of 2022, with the top four export destinations for Qatari exports coming from Asia, according to the Planning and Statistics Authority (PSA) data.
Qatari exports witnessed consistent growth during the third quarter (July to September) of the current year, with China securing the top spot for Qatari exports’ destination. Exports from Qatar to China in July to September of the year reached QR16.115bn. South Korea secured the second place with Qatari exports amounting to QR15.290bn in the third quarter and India secured the third place in the ranking as total Qatari exports to the country stood at QR15.245bn in Q3, 2022.
Japan came in fourth place as total exports from Qatar reached QR13.049bn in the third quarter. In Q3, 2022 the value of Qatar’s total exports (including exports of domestic goods and re-exports) amounted to QR138.8bn showing an increased by QR56.2bn (68 percent) compared to Q3, 2021 which amounted total exports of QR82.6bn.
The third quarter of 2022 year on year (Y-o-Y) increase in total exports was mainly due to higher exports of mineral fuels, lubricants and related materials by QR54.2bn (77.1 percent), chemicals and related products n.e.s. by QR1.0bn (13.2 percent), manufactured goods classified chiefly by material by QR0.6bn (36.6 percent), miscellaneous manufactured articles by QR0.4bn (184.2 percent).
During Q3 2022, Asia was the principal destination of Qatar’s exports and the first origin of Qatar’s imports, representing 60.5 percent and 40.1 percent respectively, followed by the European Union, accounting for 28.1 percent and 26.4 percent respectively, and GCC, with 8.3 percent and 6.2 percent respectively.
In the first and second quarter of this year the total exports reached QR125.924bn and QR103.764bn respectively. During October 2022, the total exports of goods (including exports of goods of domestic origin and reexports) amounted to around QR38bn, showing an increase of 26.3 percent compared to October 2021, and decrease of 10.3 percent compared to September 2022.
