Private sector exports decline 28pc in 2023

DOHA: The total value of private sector exports stood at QR18.5bn in the first nine months of 2023, compared to QR26bn during the same period in 2022, a decline of 28 percent.

The total value of private sector exports, as per the certificate of origin issued by Qatar Chamber, during the third quarter from July to September (Q3) of 2023 amounted to QR3.25bn. This reflects a 65 percent decrease on an annualized basis compared to the same period of the previous year, which amounted to QR9.3bn. On a quarterly basis, there was also a 47 percent decline compared to QR6.1bn in Q2 of 2023.

According to the quarterly report issued by Qatar Chamber on Sunday, private sector exports value during the third quarter of 2023 (July-September), the largest value of exports was through the General Model by 65 percent, followed by the GCC Model by 19 percent, the Unified Arab Model by 12 percent, and the Unified Singapore by 5 percent. No exports were registered through the Agricultural and Livestock Model, while exports through the GSP Model was 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 percent, steel exports by 158 percent, and chemical fertilizers by 0.6 percent.