Doha: Qatar’s economy is gaining export momentum as COVID-19-related restrictions have been relaxed. According to data from the Bureau of Planning and Statistics (PSA), Asian countries dominated Qatar’s exports in the first quarter of 2022, with Qatar’s top four export destinations from Asia. ..
Qatar’s exports grew consistently in the first quarter of this year, securing China as the top export destination for Qatar. Exports from Qatar to China reached 19.2 billion QR in the first three months of this year. Japan ranked second with Qatar’s export value of 13.4 billion QR in the first quarter. The total export value of Qatar to India was 13 billion QR from January to February 2022, so India ranked third in the ranking.
South Korea came in fourth with total exports from Qatar reaching 12.5 billion QR in the first quarter. The total export value from Qatar to each country was 103.8 billion QR in the first quarter, which was an increase of 39.8 billion QR (62.2%) from 64 billion QR in the first quarter of last year, 38. It increased by nearly 100 million QR. Or 3.8 percent compared to the fourth quarter of 2021.
The total export value of commodities including domestic exports and re-exports in March 2022 was about 22.1 billion QR, an increase of 38.2% compared to March 2020 and 7% compared to February 2021. Indicated.
The total export value of commodities including domestic exports and re-exports in January 2022 was about 35.5 billion QR, an increase of 66.9% compared to January 2021.
The year-on-year increase in total exports in the first quarter of 2022 was primarily due to increased exports of mineral fuels, lubricants and related materials, chemicals and related products, and crude oil.
In the first quarter of 2021, Japan emerged as the top destination for Qatar’s major export destination, with total exports of approximately 10.64 billion QR last year. Exports to China, South Korea and India were 10.5 billion QR, 10 billion QR and 9 billion QR, respectively.