Private sector exports reach QR8.9 billion, up 21% in Q2 – The Peninsula

Private sector exports reach QR8.9 billion, up 21% in Q2 – The Peninsula

Doha: In its quarterly report issued recently, Qatar Chamber (QC) pointed out that the private sector export value during the second quarter of 2022 amounted to QR 8.92 billion, representing a 21 percent growth on an annual basis compared to QR 7.73 billion in Q2-2021. On a quarterly basis, it also surged 15.4 percent compared to QR 7.73 billion in Q1-2022.

QC report affirmed that this surge clearly confirms the ability of the private sector and the Qatari economy, in general, to adapt to normal and abnormal economic conditions and to achieve rising growth rates, especially after the Covid-19 pandemic.

The newsletter also said according to the type of certificate of origin issued by the Chamber, the value of exports through the GSP model rose by 135 percent on a yearly basis, the Unified Arab model by 60.7 percent, the Unified GCC model by 249 percent, the General model by 10.3 percent and the Singapore model by 8.8 percent.

QC report showed that this surge is attributed to the increase in exports of 4 out of 10 four commodities during Q2.

Fuel exports increased by 283 percent reaching up to QR 2.5 billion compared to QR 657 billion in Q1-2021, while aluminum exports grew