Qatar’s non-oil export value rises by 48.7% YoY

 22 Oct 2017 - 11:33

Qatar’s non-oil export value rises by 48.7% YoY

The Peninsula

The total value of Qatar’s non-oil exports for the first nine months of this year, ended September, stood at QR13.3bn. The export value for the month of September reached QR1.57bn, up 48.7 percent  year-on-year (YoY) and 12.5 percent down on month-on-month, according to data released by Qatar Chamber (QC).

Qatar’s non-oil exports during September were distributed to about 52 countries compared to 58 countries in the previous month. Countries receiving Qatar’s non-oil exports included 10 Arab countries and GCC, 14 European countries including Turkey, 16 Asian countries (excluding Arab countries), 10 African countries (excluding Arab countries) and 2 countries of North and South Americas.

As in August, Oman was Qatar’s top non-oil exports destination in September with a total value of QR700.29m or 44.6 percent of the total exports in the month. It is followed by Hong Kong with almost QR127.98m or 8.2 percent and Germany with QR 113.11m or 7.2 percent.

Turkey comes in the fourth place with almost QR95m or 6.1 percent followed by Philippines with QR81.81 or 5.2 percent. USA comes in the sixth place followed by Sri Lanka, Bangladesh, Singapore and India.

The QC report, which was prepared, based on certificates of origin issued by Qatar Chamber’s Research & Studies Department and Member Affairs Department last May, pointed out that 2155 certificates of origin were issued during the same month.

Commenting on the report, Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani stated the substantial rise in exports affirms that the unfair siege imposed on Qatar couldn’t stop or hinder the export processes for the Qatari private sector due to the robustness of economy, governmental wise policies and world’s confidence in the national economy.

He noted that non-oil exports retreated in June but sound planning and strong external relations, along with the significant efforts made at all levels enable Qatar to overcome the repercussions of the siege rapidly.

He added that exports of July, August and September achieved substantial growth to higher levels before the siege. 

QC’s Director General Saleh bin Hamad Al Sharqi (pictured) praised the huge surge in Qatar’s exports in spite of the unfair siege imposed on Qatar and obstacles set by the embargo states. He also paid tribute to the continuation of exports growth in the third month in a row in rates equal those before the siege or even higher in some months.

Al Sharqi noted that Qatar provided host of facilitations and incentives to urge national and foreign investors to establish productive enterprises to produce all goods and products which were imported by the blocking countries with a view to achieve the self-sufficiency and exporting any surplus of production.