Qatar’s non-oil ex­ports hit QR11.5bn in H1 of 2018

Gulf Times - - FRONT PAGE -

Qatar’s non-oil ex­ports have reached QR11.5bn in the first half of 2018, a 33.7% year-onyear growth over QR8.6bn recorded in 2017, ac­cord­ing to fig­ures from Qatar Cham­ber’s lat­est re­port.

The fol­low­ing is the break­down of non-oil ex­ports in the first six months of the year: Jan­uary (QR2.11bn), Fe­bru­ary (QR2.16bn), March (QR1.35bn), April (QR2.27bn), May (QR1.90bn), and June (QR1.65bn).

Non-oil ex­ports in June 2018 reached QR1.65bn, a 108% in­crease com­pared to the QR794mn re­ported in June 2017, said the re­port, which was based on 2,599 cer­tifi­cates of ori­gin is­sued in June this year by Qatar Cham­ber’s Re­search & Stud­ies Depart­ment and Mem­ber Af­fairs Depart­ment.

Ac­cord­ing to the re­port, Oman was Qatar’s top non-oil ex­ports destination in June, ac­count­ing for QR581.2mn or 35.1% of the to­tal ex­ports for the month. Trail­ing be­hind Oman is Hol­land with QR236.6mn or 14.3%, fol­lowed by Turkey (QR155.8mn or 9.4%), Ger­many (QR99.3mn, 6%), and Hong Kong (QR88mn, 5.3%). Other suc­ceed­ing coun­tries in­clude Sin­ga­pore, the US, China, In­dia, and In­done­sia.

The sta­tis­tics for June showed that Qatar’s ex­ports reached 56 des­ti­na­tions, in­clud­ing 10 Arab and GCC coun­tries; 12 Euro­pean coun­tries, in­clud­ing Turkey; 14 Asian coun­tries, ex­clud­ing Arab coun­tries; 18 African coun­tries, ex­clud­ing Arab coun­tries; and two coun­tries in North and South Amer­ica.

The re­port said about 35.5% of nonoil ex­ports worth QR587.3mn went to the GCC. Euro­pean coun­tries, in­clud­ing Turkey im­ported QR500mn worth of goods or 30.2% of the to­tal non-oil ex­ports.

Asian coun­tries im­ported QR406.5mn worth of goods or 24.6% of the to­tal value, while Arab coun­tries, ex­clud­ing GCC coun­tries re­ceived QR75mn or 4.5%. Other im­porters in­cluded North Amer­ica, African coun­tries, ex­clud­ing Arab coun­tries, and South Amer­ica.

Qatar Cham­ber di­rec­tor gen­eral Saleh bin Ha­mad al-Sharqi said af­ter one year of the un­just siege im­posed on Qatar, the coun­try’s monthly data and sta­tis­tics on ex­ports in­di­cated growth, con­firm­ing that Qatar’s ex­ports were not af­fected by the block­ade.

Al-Sharqi said the grow­ing list of mar­kets for Qatar’s non-oil ex­ports in terms of the num­ber and vol­ume of im­ports “is an­other proof of the qual­ity of the prod­ucts that con­sti­tute the strength of these ex­ports.”

He thanked all of Qatar’s trad­ing part­ners and the Qatari pri­vate sec­tor com­pa­nies, which, he said, “are the main driver in achiev­ing this suc­cess and de­vel­op­ment in the value, size, and qual­ity of these ex­ports.”

Al-Sharqi said the growth of Qatar’s non-oil ex­ports in H1 2018 con­firms that the Qatari pri­vate sec­tor “has achieved growth in ex­ports dur­ing the siege com­pared to the pre-siege pe­riod.”

Qatar Cham­ber di­rec­tor gen­eral Saleh bin Ha­mad al-Sharqi.

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