Qatar Private Sector Exports Reach QAR 2.5 Billion in Q1 2024

Qatar's private sector exports in the first quarter of 2024 amounted to an impressive QAR 2.53 billion (USD 700 million), marking a 6% increase compared to QAR 2.39 billion (USD 660 million) in Q4 2023. This data, released by Qatar Chamber, highlights the robust growth in the country's export sector.

The report detailed the data according to the type of certificates of origin issued by Qatar Chamber, revealing an increase using both the General Model and the Unified GCC Model. Exports through the General Model rose by 12%, from QAR 1.79 billion (USD 490 million) to QAR 2 billion (USD 550 million). Similarly, exports through the Unified GCC Model increased by 10%, from QAR 398 million (USD 109 million) to QAR 438 million (USD 120 million).

Significant growth was observed across various sectors:

• Fuel exports increased by 8.6%.
• Steel exports surged by 89%.
• Industrial gases exports grew by 25%.
• Kerosene exports saw an extraordinary increase of 185%.

Regarding economic groupings, Asian countries (excluding GCC and Arab countries) received the highest amount of private sector exports during Q1 2024. This amounted to QAR 1.06 billion (USD 290 million), accounting for 42% of total exports. The European Union followed with exports worth QAR 749 million (USD 206 million), representing 30% of the total value. The GCC states were third, with exports totaling QAR 572 million (USD 157 million), making up 23% of the total value.

In terms of individual countries:

• The Netherlands received the highest amount of private sector exports with QAR 408 million (USD 112 million), accounting for 16% of total exports.
• India followed with exports amounting to QAR 350 million (USD 96 million), or 14% of total exports.
• Oman was third with QAR 246 million (USD 68 million), a share of 10%.

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