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Business / Qatar Business

Asia top destination of Qatari exports in 2021

Published: 09 Aug 2022 - 08:09 am | Last Updated: 09 Aug 2022 - 08:11 am
Peninsula

Deepak John | The Peninsula

Doha: Asian countries have emerged as a top destination for Qatari exports in 2021. The total exports to Asia during last year amounted to QR235.8bn, according to the data from the Planning and Statistics Authority (PSA).

Exports to European Union during the last year were around QR39.41bn, which was the second highest exports from Qatar. GCC came third in the list, as total exports to GCC countries amounted to QR21.7bn during last year. Exports to other Arab countries were around QR1.9bn during 2021 while other European countries witnessed exports of goods worth QR1.3bn last year.

The exports to the United States were around QR6.15bn during 2021 while other American countries witnessed exports of goods worth QR4.95bn last year. The total value of exports from Qatar stood at QR317.4bn in 2021 showing an increase of QR129.9bn, or 69.3 percent, compared to 2020, during which exports amounted to QR187.5bn.

The increase in total exports in 2021 (compared to 2020) was mainly due to higher exports of mineral fuels, lubricants and similar materials by QR114.5bn (74.7 percent), chemicals and their non-mentioned products by QR11bn (60.4 percent), manufactured goods, mainly classified by material, by QR2.6bn (47.5 percent), crude material inedible, except fuel, by QR2bn (662 percent), and machinery and transport equipment by QR1.6bn (23.1 percent). 

On the other hand, exports witnessed a decrease in miscellaneous manufactures by QR1.8bn, or 63.1 percent.

Exports from Qatar have shown a rising trend as the total exports of goods (including exports of goods of domestic origin and re-exports) from Qatar stood at QR49bn in the fourth quarter of last year. In December 2020, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR17.1bn. In November, the total exports of goods were around QR16.6bn while it was around QR15.3bn in October last year. 

The total exports of goods including exports of goods of domestic origin and re-exports in January 2022 amounted to around QR35.5bn, showing an increase of 66.9 percent compared to January 2021.