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Qatar’s private sector exports surge 6 pc to $685m

Qatar’s private sector exports surge 6 pc to $685m

Internationa Desk

Qatar’s private sector saw a 6 percent increase in its exports in the first quarter of 2024, according to the country’s Chamber of Commerce and Industry.

The nation’s news agency reported that foreign sales reached 2.53 billion Qatari riyals ($684.9 million), up from 2.39 billion riyals in the last three months of 2023.

The chamber highlighted that the value of exports beyond the Gulf Cooperation Council and Arab region rose by 12 percent from 1.79 billion riyals to 2 billion riyals.

Across the GCC, there was a 10 percent increase from to 438 million riyals, whereas the Arab region saw a fall of 54 percent to 92.9 million riyals.

When comparing export values by commodity type to the last quarter of 2023, fuel product exports rose 8.6 percent to around 528 million riyals.

Aluminum and its products saw a 10.5 percent decrease to 438 million riyals. xports of base and industrial oils dropped by 13.4 percent to 392 million riyals. Meanwhile, iron and its products surged by 89.4 percent to 275 million riyals.

 

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