Qatar's non-oil exports jumped 36.5% to reach QR18.3bn in the first nine months of 2018 compared to the QR13.02bn recorded in the same period in 2017, according to a Qatar Chamber report.
According to the chamber’s Research & Studies Department and Member Affairs Department, which collated data from the 3,015 certificates of origin issued last month, non-oil exports in September stood at QR1.64bn, or a 4.6% increase over the QR1.57bn recorded in September 2017.
The Chamber report said the 3,015 certificates included 2,718 general model certificates, 130 unified certificates for the GCC countries (industrial), 148 unified Arab certificates of origin, 18 certificates of origin for preferences, and one unified certificate to Singapore.
Qatar Chamber director general Saleh bin Hamad al-Sharqi said the Chamber highly supports locally-manufactured products and is exerting great efforts to find new international export outlets.
Qatar Chamber director general Saleh bin Hamad al-Sharqi
He pointed to the facilities and incentives offered by the country to boost investments in all productive sectors with the aim of achieving self-sufficiency and increasing Qatar’s exports.
The facilities, he said, helped increase non-oil exports rapidly.
The report said 60 countries received non-oil exports from Qatar this September compared to the 59 listed in the previous month. The list includes 13 Arab countries, including the Gulf Cooperation Council countries; 15 European countries, including Turkey; 16 Asian countries except Arab countries; 14 African countries except Arab countries; and two North American countries.
Oman topped the list of importing countries in September this year with a total of QR689mn, or 42.1% of the total value of non-oil exports from Qatar. It was followed by Hong Kong with QR235 million, or 14.4%, Singapore (QR151mn, or 9.2%), and India (QR90mn, 5.5%).
Lebanon imported QR67mn worth of non-oil products from Qatar, or 4.1% of the total, followed by China, Bangladesh, Indonesia, Turkey, and Germany. All 10 countries accounted for 87.8% of Qatar’s total non-oil exports last month.
The report said GCC countries (Oman and Kuwait) topped the blocs and economic groups receiving Qatari non-oil exports in September 2018 worth around QR700mn; followed by the group of Asian countries, excluding Arab countries imported non-oil products from Qatar worth QR666mn.
The group of Arab countries, excluding GCC countries, imported products from Qatar worth QR147.3mn, followed by the group of European countries, including Turkey (QR90.2mn), African countries except the Arab countries, and South American countries.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Potential global economic rebound requires aggressive virus mitigation, says QNB
Turkish inflation falls below 12% in March on cheap oil
Jobs destroyed worldwide as virus triggers deep recession
China weighs cuts to e-car subsidies it just extended
World’s top gold market freezes as Chinese shoppers stay away
Foxconn assures investors 5G iPhone can still launch this fall
Wall St investors look to virus data to support stabilising markets
Pandemic turns Europe deal-makers of private equity into rescuers
S&P affirms QIB rating at ‘A-/A-2’ with stable outlook