QATAR’s non-oil exports reach 4.94 billion in Q1

The total value of Qatar’s non-oil exports for the first quarter of 2017 reached QR4.94bn. The total value of non-oil exports for March 2017 rose to QR1.38bn compared to QR1.54bn in the same month last year, recording an increase of 15.1 percent, according to recently released monthly report of Qatar Chamber on the foreign trade of the private sector.
The report pointed out that about 75 percent of these exports were received by the GCC countries at a value of about QR1.37bn, which indicates the strength of intra-GCC trade, while the rest of them were distributed to about 58 countries in the world. Export to other Asian countries, excluding Arab and GCC nations, accounted for 12 percent of the total non-oil Qatari exports made during the same month, at QR218.89m.
Qatar's non-oil exports reach QR4.94bn in Q1

At the same time, European countries including Turkey received Qatar exports of QR123.9m, accounting for 6.7 percent. This was followed by Arab countries which received Qatari exports of QR100.94m, representing 5.5 percent of the total non-oil exports. African countries, North America, and South America represented 0.5 percent, 0.2 percent, 0.7 percent respectively of the total exports. Arab countries including the GCC nations form 80.5 percent of the total exports during March 2017.
The report shows that Qatar Chamber issued 5874 certificates of origin in March for many destinations in 58 international markets, compared to 51 in February. The report was prepared based on certificates of origin issued by Qatar Chamber’s Research and Studies Department and Member Affairs Department.
The Qatari exports went to a total of 58 countries in February, including 16 Arab countries and GCC , 16 European countries including Turkey, 11 Asian countries, 10 African countries and 5 countries of North and South Americas, the report said, adding that indicated the wide reach of export destinations for Qatari non-oil exports.
KSA topped the list of countries which received Qatari non-oil exports in March 2017 with total exports amounting to QR742.13m accounting for 40.6 percent of Qatar’s total non-oil exports in the month of March, followed by the UAE with total exports amounted to QR578.81m (31.6 percent). Turkey came in third place with total exports amounting to QR82.68m (4.5 percent). Bangladesh received Qatari exports worth QR75.19 m (3.2 percent), followed by India , which received QR58.36m exports (3.2 percent) . GCC countries took in 75 percent of the total non-oil Qatari exports amounted to QR1.372bn, something that reflects the strong trade ties between Qatar and its GCC neighbours.  Commenting on the report, Qatar Chamber Director General Saleh bin Hamad Al Sharqi said that the figures significantly reflect the rapid growth of Qatar’s non-oil exports monthly. He praised the contribution of the local companies in this development and in the foreign trade, expressing his hope to continue in its positive involvement in the economic process. He attributed the increase of countries receiving Qatari exports from 51 last month to 58 in March to the growing spread of destinations receiving Qatar goods.