Qatar’s non-oil exports hit QR2.7bn in July

According to Qatar Chamber’s latest report, Qatar’s non-oil exports in July 2018 jumped 100.3% to reach QR2.66bn year-on-year (y-o-y) and QR1.65bn or a 60.7% increase month-on-month (m-o-m), Gulf Times Reported.

The report depended on 3,843 certificates of origin issued in July 2018 by the chamber’s Research and Studies Department and Member Affairs Department to 60 worldwide markets contrasted with 58 nations in the earlier month.

According to Sri Lanka was Qatar’s top non-oil exports destination in July, accounting for QR771.1m or 29 percent of the total exports ollowed by Oman with QR446.8mn (16.8%), Singapore (QR296.7mn or 11.2%), Hong Kong (QR 244.1mn, 9.2%), Turkey (QR112.3mn, 4.2%), the Netherlands, Germany, India, the US, and Australia.

July’s statistics shows that Qatar’s exports reached to 60 destinations including 13 Arab and GCC countries, 13 European countries including Turkey, 16 Asian countries (excluding Arab countries),  13 African countries (excluding Arab countries), four countries of North and South Americas and Australia.

The report showed that Asian countries, excluding Arab countries, topped the economic blocs that received Qatar’s non-oil exports with QR1.51bn. When compared on regional basis, the GCC (Oman and Kuwait) countries stood at the second place, with the combined value of QR 468.4m, while European countries, including Turkey received QR340.2mn worth of goods.

Arab countries, excluding GCC countries imported QR106.8mn worth of products from Qatar followed by North America, Australia, African countries, excluding Arab countries, and South America

Commenting on the report, Qatar Chamber Director General Saleh bin Hamad Al Sharqi said the great increase in July’s exports, which grew 100 percent compared to July 2017, represented a real indicator on the development of non-oil productive sectors thanks to the facilitation provided by the government to the industrial sector.

Al Sharqi noted that the increasing demand on Qatari products which are of high quality and comply with all international standards, affirming that this has increased confidence on Qatar’s products in the international markets. He praised the development of the national industry sector, expressing his gratitude to all companies operating in producing aluminum, iron and steel, chemical fertilisers, chemicals, industrial gases and other petrochemical industries.

He also expressed the hope to see Qatar’s food products among non-oil exports, especially in light with the significant interest and support from all entities in over the past period.

Al Sharqi affirmed the chamber’s continuous support to the country’s efforts which aim to encourage and boost the industrial sector in a bid to achieve the economic diversification which represents a key pillar of the Qatar National Vision 2030.

Credit: Qatar day

URL:https://www.qatarday.com/news/local/qatars-non-oil-exports-hit-qr27bn-in-july/63959

 

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