Qatar’s Q3 private sector exports drop 2.5% to QR 2.56b

Qatar’s private sector exports were slightly lower by 2.5 per cent in the third quarter of 2024, totalling QR 2.56 billion compared to QR 2.62 billion in the second quarter, according to a Qatar Chamber report on Monday.

Exports via the General Model rose 1.3 per cent to QR 2.07 billion, while the Arab Model grew 17.1 per cent to QR 82.7 million. However, Unified GCC Model exports fell 20.4 per cent to QR 402.4 million.

Fuel exports surged by 48.8 per cent to QR 646 million, and aluminium exports increased 64.2 per cent to QR 496.4 million. Conversely, essential and industrial oils dropped 29.1 per cent to QR 303 million, and steel exports dipped 1.9 per cent to QR 214.1 million.

Asian countries (excluding GCC and Arab states) led as the top destination for exports at QR 1.02 billion, accounting for 40.06 per cent of the total. GCC countries followed with QR 657.55 million (25.71 per cent), and the EU ranked third with QR 631.66 million (24.70 per cent). India was the top single destination, receiving QR 442.1 million (17.3 per cent), trailed by the Netherlands and the UAE.

Attribution: QNA

Subediting: Y.Yasser