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Qatar’s private sector exports hit record high in 2021

Qatar's private sector exports

Doha, (Business News Report)|| Qatar’s private sector exports have reached a record level during the past year 2021, increasing by 77%.

The value of Qatar’s private sector exports reached 26.4 billion riyals ($7,250 billion), compared to 15 billion riyals ($4.119 billion) in 2020.

In its annual report, the Qatar Chamber of Commerce and Industry (QCCI) said that the private sector’s exports increased by 21.7 percent compared to 2019 before the emergence of the Coronavirus pandemic, reaching about 21.7 billion riyals ($5,767 billion).

The report said that the indicators it included confirmed the recovery of private sector activity and the Qatari economy from the repercussions of the pandemic. And the private sector’s exports reached a better level than it was before the implementation of the pandemic control measures.

All forms of certificates of origin issued by QCCI during 2021 achieved an increase in the value of exports compared to the years 2020 and 2019, except for the preferences model, according to the report.

The report indicated that the GPS Model witnessed a decline of 63.5% and 79.5%, respectively, while the General Model achieved an increase in the value of exports by 109% compared to 2020, and by 46.4% compared to 2019.

The value of exports through the GCC Unified Model increased during the year 2021 by a large percentage of 142.1% compared to 2020, and 139.2% compared to 2019, according to the report.

The value of exports through the Unified Arab Model increased, according to the report, by 43.7% compared to 2020 and 20.6% compared to 2019.

The report indicated that exports through the the Unified Model to Singapore increased by a large percentage of 639% compared to 2020, and by a large percentage also amounted to 570% compared to 2019.

The report indicated that eight of the main commodities in the list of exports achieved an increase in the value of their exports when compared with 2020, while the only decrease in the value of exports was from the petrochemical commodity.

It also showed that it achieved seven increases in the value of its exports compared to 2019, and the decrease was in the two commodities of iron and chemical fertilizers.

In a separate context, a specialized report stated that Qatar awaits a major role in the export and recovery of liquefied gas in the long term.

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