Qatar private sector exports increase in 1st 9 months of 2023: Qatar Chamber

Qatar private sector exports increase in 1st 9 months of 2023: Qatar Chamber

The country’s private sector exports exceeded QR18.5bn in the first nine months of 2023, Qatar Chamber has reported in its latest report.

Based on the certificates of origin issued by the chamber, private sector exports in Q3 2023 (July to September) stood at QR3.25bn. Year-on-year, the amount reflects a 65% decrease from QR9.3bn. Quarterly, this shows a 47% decline from QR6.1bn in Q2 2023.

According to the quarterly report issued yesterday by Qatar Chamber, private sector exports value in Q3 2023, the largest value of exports, was through the General Model by 65%, followed by the GCC Model by 19%, the Unified Arab Model by 12%, and the Unified Singapore by 5%. No exports were registered through the Agricultural & Livestock Model, while exports through the GSP Model were suspended.

The report highlighted a decline in export values for most of the 10 commodity groups in Q3 2023 compared to the previous quarter. Notably, aluminium exports increased by 5%, steel exports (158%), and chemical fertilisers (0.6%).

Conversely, other commodity groups recorded negative values compared to both the corresponding and preceding quarters. Exports of fuel commodities declined by 54%, base oils and industrial oils (69%), chemicals (14%), paraffin (40%), and lotrene (15%).

These 10 commodity groups