Qatar’s non-oil exports grow 35% in 2018

Mubasher: Qatar’s non-oil exports jumped 35.1% year-on-year to QAR 24.4 billion ($6.7 billion) in 2018 from QAR 18.05 billion ($4.98 billion) in the prior year, according to Qatar Chamber’s (QC) report on Tuesday.

In December, the value of the Persian Gulf nation’s non-oil exports rose 62% to QAR 2.1 billion, against QAR 1.3 billion in the same month of 2017, the report said.

Exports of the world's richest country per capita were directed to 68 countries in December 2018, against 67 countries in the prior month. The list included 12 Arab, 18 European, 17 Asian and 19 African nations.

The continued growth in non-oil exports was backed by Qatar’s successful economic diversification plans aiming at increasing the contribution of non-oil sectors to the gross domestic product (GDP), QC’s chairman Khalifa bin Jasim Al-Thani noted.

Oman topped the countries importing from Qatar last month with exports valued at QAR 431.1 million, followed by Netherlands and Germany with QAR 351 million and QAR 255.36 million, respectively.

Mubasher Contribution Time: 15-Jan-2019 14:58 (GMT)
Mubasher Last Update Time: 15-Jan-2019 15:03 (GMT)