Export Unit Index Increases 32.38% in Q3-2022

Doha, November 24 (QNA) - Qatar's Export Unit Value Index in 2022's third quarter saw increases of 32.38 percent compared to the same time in 2021 to reach 156.98 points, and 0.93 percent versus this year's second quarter. The index released by the Planning and Statistics Authority (PSA) includes 10 main groups comprising nearly 56 commodities, and follows the Standard International Trade Classification guide (SITC4) to offer a clear report on Qatar's economy. A total of three groups achieved a relative importance of 99.5 percent, namely "Mineral fuels, lubricants and related materials" with a relative importance of 88.77 percent, "Chemicals and related products" by 8.04 percent, "Manufactured goods classified chiefly by material" by 2.63 percent. A year-on-year analysis showed an increase in seven groups as follows: "Machinery and transport equipment" by 39.1 percent, followed by "Mineral fuels, lubricants and related materials" by 35.1 percent, "Manufactured goods classified chiefly by material" by 22.33 percent, "Beverages and Tobacco" by 11.89 percent, "Miscellaneous manufactured articles" by 9.44 percent, "Miscellaneous manufactured articles" by 9.44 percent, "Chemicals and related products, N.E.C" by 8.60 percent. The same analysis recorded a decrease in "Commodities and transactions not classified elsewhere in SITC" by 8.98 percent, Food and live animals" by 4.53 percent. No change is noticed in "Animal and vegetable oils, fats and waxes." According to a quarter-on-quarter report, an increase was recorded in three groups, namely: "Machinery and transport equipment" by 16.35 percent, followed by "Beverages and Tobacco" by 8.69 percent, and "Mineral fuels, lubricants and related materials" by 2.75 percent. A decrease has been recorded in followed by "Food and live animals" by 17.57%, followed by "Chemicals and related products" by 16.33%, "Crude materials, inedible, except fuels" by 8.69%, "Miscellaneous manufactured articles" by 8.35%, "Commodities and transactions not classified elsewhere in SITC" by 5.45%, and "Manufactured goods classified chiefly by material" by 4.31%, no change is noticed in "Animal and vegetable oils, fats and waxes". (QNA)