Private sector exports surge 77% in 2021 – The Peninsula

Private sector exports surge 77% in 2021 – The Peninsula

Doha: The value of private sector exports last year increased 77.2 percent year-on-year to reach QR26.4bn in 2021 compared to QR14.9bn in 2020, according to economic report issued by Qatar Chamber. The economic report for 2021 highlights the trade of private sector according to the certificates of origin issued by Qatar Chamber.

The report, prepared by the Research & Studies Department, said that this surge has confirmed the significant recovery of the private sector activity and Qatar economy in general from the implications of the COVID-19 pandemic, as it reached to levels better than those before the application of precautionary measures.

The year-on-year increase in private sector exports during 2021 was attributed to the increase in exports through all types of certificates of origin issued by the Chamber vis-a-vis 2020 and 2019 except for the GPS Model which declined by 63.5 and 79.5 respectively.

In turn, exports through the General Model grew by 109 percent and 46.4 percent compared to their values in 2020 and 2019.

Similarly, exports through the GCC Unified Model jumped 142.1 percent and 139.2 percent compared to their values in 2020 and 2019.

Exports though the Unified Arab Model grew by 43.7 percent and 20.6 percent compared to 2020 and 2019.

Exports