The total value of Qatar’s non-oil exports in May 2017 reached QR1.49bn compared to QR1.33bn in April, recording an increase of 12.2 percent and to QR1.72bn in April 2016 recording a decrease of 13.2 percent, a monthly report released by Qatar Chamber (QC) on the foreign trade of the private sector show.
The report, which was prepared based on certificates of origin issued by QC’s Research and Studies Department and Member Affairs Department last May, pointed out that non-oil exports were distributed to about 66 countries compared to 61 last month.
It shows that the total value of non-oil exports during the first five months of 2017 reached QR7.76bn. Countries receiving Qatar’s non-oil exports included 16 Arab countries and GCC , 19 European countries including Turkey, 13 Asian countries (except Arab countries), 15 African countries (excluding Arab countries) and 3 countries of North and South Americas.
The report also shows that QC issued 5,665 certificates of origin last May for many destinations in 66 international markets.
UAE was Qatar’s top non-oil exports destination in May, accounting for QR543.181m, or 36.38 percent, of the total exports in the month. It is followed by Oman with almost QR169.63m or 11.36 percent and Turkey with QR126.42m or 8.47 percent.
Saudi Arabia comes in the fourth place with about QR115.821m, or 7.76 percent, followed by Bangladesh with QR92.15m, or 6.17 percent.
It is clear that the total value of non-oil exports increased to many countries such as Oman and Turkey which jumped to the second and the third place, whereas Saudi Arabia retreated to the fourth place after it was the third in April and the first in March. Egypt also went back to the 18th place after being the second in April.
According to the report, about 57.04 percent of these exports were received by the GCC with QR815.65m compared to QR634.8m in April.
European countries including Turkey come in the second place. They imported QR278.68m which represents 18.67 percent of the total non-oil exports, registering an increase compared to QR96.05m in April.
In the third place, Asian countries excluding Arab countries receiving QR251.90m, or 16.87 percent of the total value.
Arab countries came in the fourth place with total exports of QR96.05m, or 6.34 percent.
Commenting on the report, QC Director General Saleh bin Hamad Al Sharqi (pictured) said that the these data manifested the volume of foreign trade and other economic rations.
He praised the industrial sector which represents big portion of the non-oil exports. He expressed hope that all other production sectors particularly agriculture and food industry could achieve the same growth ad industry sector did.
This post is also available in: Arabic