Doha: Qatar’s Export Unit Value Index (EXUVI) rose by 50.55 percent year-on-year (Y-o-Y) during the second quarter of 2022, reflecting the economic status of the country. When compared to the previous quarter (Q1 2022), Qatar’s EXUVI increased by 4.79 percent, according to figures released by the Planning and Statistics Authority (PSA) yesterday.
The release of this indicator is one of the requirements of the PSA in providing accurate statistical information and data that support the decision-makers. Standard International Trade Classification Index (SITC4) is used in calculating this indicator, which classified the data into 10 main groups containing 56 commodities classified according to the Harmonized System (HS). Each main group has relative weights depending on its value on the base year 2018.
An analysis on a quarterly basis, the EXUVI for Q2 2022, when compared with EXUVI of Q1 2022, showed that there were five main groups, where respective indices during this quarter have increased namely: “Mineral fuels, lubricants and related materials” by 5.03 percent, followed by “Commodities and transactions not classified elsewhere in SITC” by 4.51 percent, “Chemicals and related products” by 3.86 percent, “Manufactured goods classified chiefly by material” by 0.46 percent, and “Beverages and Tobacco” by 0.44 percent.
A decrease has been recorded in “Machinery and transport equipment” by 7.85 percent, followed by Food and live animals” by 4.17 percent, “Miscellaneous manufactured articles” by 3.91 percent, and slightly decrease in “Crude materials, inedible, except fuels” by 0.04 percent. While no change was noticed in “Animal and vegetable oils, fats and waxes”.
A comparison of EXUVI Q2 2022 with its counterpart in the previous year (EXUVI Q2 2021 annual change), an increase has been recorded in the general index by 50.55 percent. This Y-o-Y value increased primarily due to the unit value rising in seven groups namely: “Mineral fuels, lubricants and related materials” by 53.91 percent, followed by “Chemicals and related products, NEC” by 32.39 percent, “Machinery and transport equipment” by 22.79 percent, “Manufactured goods classified chiefly by material” by 21.53 percent, “Animal and vegetable oils, fats and waxes” by 19.82 percent, “Miscellaneous manufactured articles” by 6.55 percent, and “Beverages and Tobacco” by 2.95 percent.
