DOHA: The total value of the private sector exports in the third quarter of this year amounted to QR2.56 billion, reflecting a slight decrease of 2.5 percent on a quarterly basis compared to QR2.62 billion in the second quarter of 2024, according to the quarterly report released by Qatar Chamber.
The report also said that as per the type of certificates of origin issued by the chamber in Q3, exports through the General Model rose by 1.3 percent to QR2.07 billion, and the Arab Model by 17.1 percent to QR82.7 million. On the other hand, exports through the Unified GCC Model showed a decrease of 20.4 percent from QR505.4 to 402.4 million.
The QC newsletter showed that fuel exports in the third quarter of 2024 amounted to QR646 million, marking an increase of 48.8 percent compared to QR435 million in the second quarter of 2024. Similarly, aluminium exports reached QR496.4 million, registering a growth of 64.2 percent.
Essential and industrial oils amounted to QR303 million, showing a decrease of 29.1 percent. Steel exports amounted to QR214.1 million, also decreased by 1.9 percent.
Regarding economic blocs and groupings, Asian countries (excluding GCC and Arab countries) ranked first among recipients of private sector exports during Q3 2024, with a value of QR1.02 billion, accounting for 40.06 percent of the total exports. They were followed by GCC countries, which received QR657.55 million, representing 25.71 percent of the total.
In third place was the European Union, with exports totaling QR631.66 million, or 24.70 percent of the total value. Next were Arab countries (excluding GCC states), which received QR160.35 million, a share of 6.27 percent, and Other European countries, with exports of QR47.82 million, or 1.87 percent.
In Q3 2024, Qatari exports reached 101 countries across the mentioned economic groupings.
According to the report, India was at the top of the countries of destination of private sector exports with close to QR442.1 million, a share of 17.3 percent of the total exports. It is followed by Netherlands with almost QR375.3 million and a share of 14.7 percent and UAE with about QR280.3 million, a share of 11 percent.
China came in fourth place with almost QR189.6 million, a share of 7.4 percent. Saudi Arabia came in the fifth place which received exports amounting to QR156.5 million, a share of 6.1 percent.
