The value of non-oil exports in February 2017 has increased by 22.1% to QR1.71bn compared to QR1.4bn in the previous month. The value of non oil exports are up 31.5 percent compared to same month in 2016, said Qatar Chamber in its report on the foreign trade.
Around 60.1 percent of the non-oil exports were received by the GCC countries (estimated to be QR1bn), whereas the rest of exports were distributed to 51 countries worldwide, noted the report.
Saudi Arabia, Oman, Egypt, Turkey and India are main importers of Qatari products.
The statement said that number of certificates of origin issued in February was 4,658 certificates which confirms the strong trade movement of local companies that keep pace with Qatar economy.
Commenting on the report, Sheikh Khalifa bin Jassim Al Thani (pictured), Chairman, Qatar Chamber, praised the contribution of the local companies to the foreign trade and the stable growth of exports to world countries. He said the private sector companies will take a leading position on Qatar’s economic map.
Saleh bin Hamad Al Sharqi, Director General of Qatar Chamber praised the significant development of the Qatari non-oil exports, expressing his satisfaction that industry is increasingly dominating Qatari exports. This gives a positive indication that Qatar is on the right track regarding its strategy for economic diversification and decrease the dependence on oil and gas as sole source of income.
He confirmed the Chamber’s keenness to cooperate with other institutions for achieving the Qatar’s National Vision 2030.
