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Business / Qatar Business

Asia tops economic blocs receiving Qatar’s private sector exports in Q3

Published: 15 Dec 2022 - 09:34 am | Last Updated: 15 Dec 2022 - 09:35 am
Peninsula

Lalin Fernandopulle | The Peninsula

Doha: Asia topped the economic blocs that received Qatar’s private sector exports worth QR3,375.44m during Q3/2022, according to the Private Sector Exports Quarterly Report of the Qatar Chamber.

The share of private sector exports received by the bloc was 35.99 percent followed by the EU which received exports to the value of QR2,906.48m or a share of 30.99 percent of the total value of exports from Qatar, the report stated.

GCC states came third with exports totaling QR2,381.22m representing 25.39 percent of the total value followed by the UAS that received QR315.74m, a share of 3.37 percent and the group of Arab countries excluding GCC states with exports amounted to QR257.55m, or a share of 2.74 percent of the total exports.

The grouping of African countries excluding Arab countries came in the sixth place receiving 1.29 percent of the exports, with a value of QR121.10m followed by other American countries which received exports estimated at QR9.88m or a share of 0.11 percent.

Other European countries received exports to the value of 0.09 percent of QR8.41m and the grouping of Oceania received exports estimated at QR2.44m or a share of 0.03 percent of the total exports.

The number of countries receiving Qatari exports in Q3-2022 was 99 countries in the above economic groupings. The African grouping came to the forefront with 30 countries. Asia came then with 21 countries, followed by the European Union and Arab countries excluding GCC states with 13 countries for each, 10 American countries, then the GCC and other European countries with 5 countries for each, and lastly, the USA and one country (Australia) in the Oceania grouping, the report stated.

In Q3/2022, Oman topped the list of countries that received private sector exports of Qatar amounting to around QR 1,506.69 m, a share of 16.1 percent of the total exports followed by Netherlands with almost QR1,331.75m and a share of 14.2 percent and India with about QR1,310.79m, a share of 14 percent.

China was placed fourth with almost QR616.90m, a share of 6.6 percent and France receiving around QR596.51m, a share of 6.4 percent. 

Germany came in the sixth place which received exports amounting to QR532.50m, a share of 5.7 percent, followed by Singapore with almost QR437.56m, a share of 4.7 percent, Turkey with QR482.38m, a share of 4.6 percent, UAE with almost QR368.23m or 3.9 percent and Bangladesh with exports amounting to QR342.60m or a share of 3.7 percent of the total value.

Together, these ten countries accounted for 79.7 percent and a value of QR7,471.72m of private sector exports according to the certificate of origin during Q3 of 2022, totaling around QR9,378.26m, the report stated.