5.1 billion riyals of private sector exports in the first quarter

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W6nnews.com  ==== وطن === تاريخ النشر – 2021-06-15 00:00:00

The value of private sector exports increased during March 2021 on a monthly basis by 17.9%, exporting about 1,938.4 million Qatari riyals, compared to 1,644.5 million riyals exported in February 2021, while on an annual basis it was 0.3% lower than its value in March 2020. Where it achieved a value of about 1,954 million riyals, according to the monthly economic bulletin of the Qatar Chamber for the month of May

The report referred to the analysis of export data for the month of March on the basis of the highest and lowest level of exports during the analysis period, March 2020 – March 2021, and then compared to the data of February 2020, which represents the highest level of exports (the month before the Covid-19 pandemic) and April 2020, which represents the lowest level of exports ( The month that witnessed the implementation of anti-Covid-19 measures), this analysis gives an important indicator that measures the ability of the Qatari economy in general and the private sector to overcome the repercussions of Covid-19 and return to before the crisis. We find that private sector exports in March 2021 achieved the highest level of 238% compared to the level they achieved in April 2020, but despite this it remains 0.7% lower than the level of exports achieved in February 2020 as the highest level during the mentioned period.

Certificates of Origin

The report indicated that the improvement in the total value of exports during March 2021 compared to February 2021 was due to the significant increase in the value of exports achieved through most certificate models, except for the certificate of general origin model, from which the value of exports decreased by 9.6% on a monthly basis, while it increased on a monthly basis. Annually by 23.7% (compared to the values ​​of exports in March 2020), and the preferences model, from which the value of exports remained unchanged on a monthly basis, although significantly decreased, amounting to 86.2% on an annual basis, except for that, the value of exports increased in the other three models, where It increased according to the Gulf Cooperation Council model by a large percentage of 105.9% on a monthly basis, as well as on an annual basis, it increased by 110.5%. As for the exports according to the standard certificate model for Singapore, they also increased by 62.3% on a monthly basis, and the exports according to the Arab region model also increased by 31.7% on a monthly basis and by 49% on an annual basis.

Commodity type

The report indicated that when analyzing the private sector exports data by type of goods (the list of the most important goods) that were exported during the month of March 2021 on a monthly basis, comparing them with their values ​​during the previous month (February), we find that four commodities in the list have increased the value of their exports while The other five commodities on the list have decreased their export values ​​to varying degrees. Among the commodities that achieved positive values ​​in the forefront is the commodity of base oils and industrial oils, which achieved an increase of 92%, while we find that it is lower by 15% on an annual basis (compared to March 2020 data), followed by the Lutheran commodity with an increase of 25.9% and a larger increase on an annual basis amounting 106.1%, then chemicals with an increase of 13.2% and an increase of 56.5% on an annual basis, then industrial gases with an increase of 5.5% and an increase of 64.3%. As for the other commodities whose exports decreased on a monthly basis, they are, in order, chemical fertilizers, with a monthly decrease of 100%, as no exports were recorded during March 2021, then petrochemicals, with a decrease of 76.7% and a greater decrease of 89.1% over on an annual basis, then the paraffin commodity with a decrease of 49.5% and a slight decrease by 5.9% on an annual basis, then the iron commodity with a decrease of 39.5% and a decrease of 38.6% on an annual basis, and finally the aluminum commodity, whose value of exports decreased slightly by 4.7%, as well as a decrease A slight increase of 2% on an annual basis.

private sector partners

The report indicated that the group of Asian countries (except for the Gulf Cooperation Council and the Arab countries) topped the list of the most important partners according to regions and economic blocs that represented destinations for the Qatari private sector exports during the month of March 2021, by receiving an amount of (815) million Qatari riyals, which is equivalent to 42 % of total exports, then comes the Gulf Cooperation Council group, with exports worth (730) million riyals, or 37.7%, followed by the group of European Union countries with 14.4%, with exports worth about 280 million riyals, then the group of Arab countries (excluding countries The Gulf Cooperation Council), which received exports from the Qatari private sector, with a value of about 79 million riyals, at a rate of 4.1%. The group of African countries (except Arab countries) ranked fifth, with an absorption rate of 1%, and the value of exports was about 13 million riyals, then the United States of America ranked sixth. By 0.7%, with a value of exports amounting to about 20 million riyals, then seventhly a group of other European countries by 0.04%, with a value of exports amounting to about 0.8 million riyals, while the two groups of other American countries and Oceania countries did not receive any exports. T from the Qatari private sector during March 2021.

As for the most important trading partners according to the countries that represented destinations for private sector exports (the list of the five most important receiving countries for exports) during the month of March 2021, the Sultanate of Oman (the Gulf Cooperation Council group) ranked first in the list with an absorption rate of 30%, receiving exports worth about 582 million Qatari riyals, followed by India (Asia group) which received exports worth about 321 million Qatari riyals, with an absorption rate of 16.5%, then Hong Kong (Asia group) which received exports worth about 233 million Qatari riyals, with a performance rate of 12%. In fourth place came the Netherlands (the European Union group) with a performance rate of 9.3%, which received exports worth about 180 million Qatari riyals, and fifthly, the Turkish Republic, whose markets received exports worth about 152 million riyals, with an absorption rate of 7.8%. The value of exports to these five countries combined amounted to 75.7% of the total private sector exports during the month of March 2021.

Exports in the first quarter

The Qatar Chamber report indicated that the value of private sector exports during the first quarter (January – March 2021) amounted to about 5.08 billion Qatari riyals, a 12% decrease from the value of exports for the same period in 2020, which amounted to (5.78) billion Qatari riyals.

The report explained that when analyzing the data based on the type of certificates of origin model and comparing its data with the data of the first quarter of the year 2020, except for the certificates on the preferences model, the value of their exports decreased during the first quarter of 2021 by a large percentage of 84%, we find that all types of certificates have achieved Increases in the values ​​of exports through it in varying proportions, foremost among which we find the certificates of the Arab region model with a large increase of 114%, followed by certificates of the Singapore model with an increase of 783%, then certificates of the Gulf Cooperation Council model with an increase of 36%, and finally certificates of the general origin model Which increased the value of its exports by 7%.

As for analyzing the data by commodity type for the first quarter of 2021, and comparing it with the data for the same period of the year 2020, we find that six of the commodities in the list of the most important export commodities have achieved an increase in the value of their exports in the first quarter of 2021 compared to the values ​​of their exports for the same period of the year 2020. Industrial gases came in the fore as the largest percentage increase achieved and was 181%, followed by luterin with an increase of 84.8%, then paraffin with 29%, chemicals with an increase of 22.1%, followed by aluminum with an increase of 5.3% and finally petrochemicals with an increase of 3.5 %. As for the other three commodities, which are chemical fertilizers, base oils, industrial oils and iron, their export values ​​decreased by 57.4%, 42.9% and 41.7%, respectively.

export destinations

When analyzing the export data by regions and economic blocs that represented a destination for these exports during the first quarter of 2021, we note that the Asian countries continued to dominate the list, receiving 50.12%, with a total value of about (2.5) billion Qatari riyals, followed by the Gulf Cooperation Council group with a percentage 26.45% with a value of exports (it amounted to about 1.3 billion riyals, then the European Union countries by 16.12% and the value of exports about 819 million riyals, followed by the group of Arab countries, excluding the Gulf countries, with 4.11% and the value of exports about (209) million riyals, then the United States of America by 2.13% With a value of exports of about 108 million riyals, the group of African countries except Arab countries increased by 0.89%, with a total value of about 45 million riyals, then a group of other European countries excluding the European Union by 0.16%, with a value of exports of about 8 million riyals, and finally a group of other American countries except the states The United States of America, which received 0.02% of exports, with a total value of about one million Qatari riyals, while the Oceania group did not receive any exports during the mentioned period.

As for the trading partners according to the most important countries (the list of the five countries) that represented a destination for the Qatari private sector exports during the first quarter of 2021, at the top of the list comes the Sultanate of Oman (the Gulf Cooperation Council group) with a rate of 20.6%, as it received more than one billion riyals worth Qatari, followed by India (Asia group) in the second place with 18.6% with a value of exports amounting to (945) million riyals, then thirdly Hong Kong (Asia group) with 11.1% with a value of exports of about (563) million riyals, followed by the Netherlands (Group of Asian countries) European Union countries) fourth by 9.1%, with exports worth about (463) million riyals, and fifth by Turkey (Asia group) by 7.9%, with exports worth about (403) million Qatari riyals.

These five countries achieved a relative weight of 67.4%, which means that they received more than two-thirds of private sector exports during the first quarter of 2021.

data analysis

The Chamber’s report dealt with a number of indicators by analyzing the foreign trade data of the State of Qatar, including the private sector exports for the month of March 2021 on a monthly or quarterly basis. These indicators show very promising results, as they clearly indicate that the Qatari economy has reached the stage of recovery after more than a year on the The beginning of the Corona pandemic and its spread throughout the world in a way that prompted most countries of the world to take strict preventive measures that reached the point of closing economies and even closing countries almost completely or completely in some countries and in some cases, and as a result, all global economic indicators, including indicators Foreign trade at the level of exports and imports, with the exception of some activity related to strategic goods or previous contracts that must be executed. The report indicated that the crisis reached its climax during April of the year 2020, when the measures began to be implemented, and then some economies in the world began to adapt to the pandemic measures and conduct some activities to avoid the risks of long-term closure on their economies and societies.

The report indicated that the State of Qatar, like other countries of the world, has implemented strict preventive measures against the Corona pandemic to protect society and protect the economy since the beginning of April 2020, and has resorted to closure at the level of the economy, except for some activities important for people’s life and safety, as well as at the level of ports (borders) where they have been closed. Disrupting the movement of people and goods except for some necessities, and foreign trade indicators (exports and imports) have been significantly affected as a result of these measures. For example, we find that the total value of private sector exports in April 2020 amounted to about (572) million Qatari riyals. Only a decrease of 61% from its value in the previous month, March 2020, which was then worth about (1,943) million Qatari riyals, meaning that this activity – according to this indicator – has lost about two-thirds of its value within one month, and people began to expect the worst. However, the state’s intervention through the program to mitigate the effects of the pandemic on the economy, and more specifically, the production activity and the activity of trading goods and services, through direct and indirect support, and in conjunction with the program of measures and measures to combat the pandemic and besiege its spread in society. Which was implemented strictly, as well as the improvement of the situation in other countries and markets related to the Qatari economy, all of which led to a gradual improvement in economic conditions to reach, during March 2021, a point closest to pre-pandemic levels, where the total value of private sector exports increased to (1,938). ) million Qatari riyals, which is almost equal to its value in March 2020 (the month before the pandemic).

The report also noted the improvement in the level of the total foreign trade of the State of Qatar, which achieved – according to the Planning and Statistics Authority – a total value of about 31 billion Qatari riyals during the month of March 2021, an increase of 61% over the value achieved during the month of April 2020, noting that some commodities Such as gas and oil were less affected by the measures for reasons related to supply contracts in this sector in particular.

foreign trade

The report indicated that, according to the data of the Planning and Statistics Authority in the State of Qatar, the total volume of merchandise foreign trade for the month of March 2021 amounted to about (31) billion Qatari riyals, an increase of 10.7% compared to its volume during the month of February 2021, when its value was (28) billion Qatari riyals. This is as a result of the increase in the value of exports, as their total value (local origin and re-export) during the month of March amounted to about (22.1) billion Qatari riyals, an increase of 7.3% from its value in February, when it amounted to about (20.6) billion Qatari riyals. In March, its total value amounted to about (8.9) billion Qatari riyals, an increase in its total value by (20.3%) compared to what it was in February, when its value amounted to about (7.4) billion Qatari riyals. The trade balance during the month of March maintained the same rise it was in February, achieving a surplus of (13.2) billion Qatari riyals.

The Republic of China is the first trading partner at the level of the total volume of foreign trade of the State of Qatar with various countries of the world during the month of March 2021 as well, where the value of the total trade exchange between it and the State of Qatar amounted to about (3.9) billion Qatari riyals, representing 12.5% ​​of the total trade outer diameter.

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