DOHA: Qatar’s private sector exports totalled QAR 12.2 billion in 2024, marking a 41% decline compared to the previous year, according to the latest Qatar Chamber (QC) report.
However, the fourth quarter (Q4/2024) saw a strong rebound, with exports reaching QAR 4.48 billion, reflecting a 68.5% year-on-year increase and a 75.3% jump from Q3/2024.The General Model certificate accounted for 76.7% of exports, followed by the GCC Model (18.7%), the Unified Arab Model (3.9%), and the Singapore Model (0.7%).
While fuel products and essential oils saw annual declines of 21.6% and 43.9%, respectively, several commodities recorded substantial growth:
Chemical fertilizers soared 379.6%
Chemicals surged 233.7%
Lotrene jumped 233.7%
Paraffin increased 156.8%
Steel & its products rose 72.9%
Regional & Country-Wise Distribution
Asian countries (excluding GCC and Arab nations) were the top recipients of Qatar’s private sector exports in Q4, receiving QAR 2.62 billion (58.4%), followed by GCC countries with QAR 1.08 billion (24%).
India emerged as the top export destination, receiving QAR 1.5 billion (34.3%), followed by:
UAE – QAR 638 million (14.2%)
Bangladesh – QAR 528 million (11.8%)
Morocco – QAR 209 million (4.7%)
The Netherlands – QAR 187 million (4.2%)
Other key markets included China, Saudi Arabia, Oman, Turkey, and Kuwait.
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