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%.

Business Start Up Qatar offers a comprehensive network of experts and specialists across the lifecycle of a business. We provide expertise in Market Research and Assessment, Business Case Development, Business Model Development, Feasibility Studies and Business Plans, Organizational and Operational Structuring, Sponsorship and Partnership, and Company Formation in Qatar, among others.

For more information on the opportunities and possibilities in the State of Qatar, as well as the initiatives of Business Start Up Qatar, please click here.

Comments

Post a Comment

Popular posts from this blog

-
Image
  Remarks on the collaboration and cooperation of the public sector and the private sector and the importance of small and medium enterprises for the economic development of a country @BizStartUpQatar updates on major developments and key trends in the State of Qatar @Qatar_Chamber @MOCIQatar   @QDBQA
Read more

Qatar Continues to Develop Relations with Russia | Business StartUp Qatar

-
Image
Listen in to learn more about the relations between Qatar and Russia following the St. Petersburg International Economic Forum brought to you by Business Start Up Qatar. #InternationalEconomicForum #Trade #Business #Investment #BilateralCooperation #Qatar #Russia 📖Read: https://bit.ly/-QatarRussia 📺Watch: https://bit.ly/_QatarRussia Please follow us on… Website: https://businessstartupqatar.com LinkedIn: https://www.linkedin.com/in/bsuqcompanyformationqatar/ Facebook: https://www.facebook.com/BusinessStartUpQatar/ Twitter: https://twitter.com/BizStartUpQatar Instagram: https://www.instagram.com/bizstartupqatar/ Pinterest: https://www.pinterest.com/bsuqatar/ Please reach out to us via… 📨 info@businessstartupqatar.com 📱Mobile: +974 5034 3737
Read more

Launch of “1000 opportunities initiative” in Qatar

-
Image
Launch of “1000 opportunities initiative” in Qatar  The State of Qatar's Ministry of Commerce and Industry (MoCI), as of late sent off the "1000 Opportunities Initiative" to work with organizations among public and confidential area. The public drive is controlled by an electronic stage that permits neighborhood financial backers to get stakes in significant public and worldwide organizations working in Qatar. It will offer open doors in future and existing activities in the modern area which has seen impressive improvement throughout the last years. Qatar is focusing on open and confidential organizations (PPP) in accordance with the Qatar National Vision 2030. Such organizations emphatically add to various areas of the economy and are valuable to little and medium endeavors (SMEs). The '1000 Opportunities Initiative' will likewise deliver an appealing business climate by confining inventory chains as well as further developing effectiveness of specialist co-ops.
Read more