Qatar Export Worth Index rises 61.05% in Q1

The Planning and Statistics Authority (PSA) launched the brand new Quarterly Export Unit Worth Index (EXVUI) for the primary quarter of 2022 based mostly on 2018, as new chain added to statistical indicators calculated by PSA. One of the necessary options of EXUVI index on this interval (Q1-2022), was its enhance by 6.76 %, when in comparison with the earlier quarter (This autumn-2021), additionally in comparison it with its counterpart within the earlier yr (Q1-2021), it elevated by 61.05 %.

The discharge of this indicator additionally one of many necessities of the plan of the Statistics and Planning Authority in offering correct statistical data and information that help the decision-maker. Commonplace Worldwide Commerce Classification Index (SITC4) are utilized in calculating this indicator, which is assessed the info into ten essential teams include 56 commodities categorized in line with the Harmonized System (HS). Every essential group have relative weights relies on its worth on the bottom yr 2018.

The best relative weight was for “Mineral fuels, lubricants and associated supplies” 88.77 %, the second place was for “Chemical substances and associated merchandise, n.e.s” with 8.04 %, and the third place was for “Manufactured items categorized mainly by materials” with 2.63 %. These three teams collectively make about 99.5 % of the EXUVI basket.

An evaluation on Q-o-Q foundation of EXUVI for Q1- 2022 in contrast with EXUVI, This autumn-2021, confirmed that there have been seven essential teams, the place respective indices on this month have elevated, specifically: “Manufactured items categorized mainly by materials” by 11.48 %, adopted by “Mineral fuels, lubricants and associated supplies” by 7.59 %, “Miscellaneous manufactured articles” by 5.73 %, “Drinks and Tobacco” by 2.5 %, Meals and dwell animals” by 1.53 %, “Commodities and transactions not categorized elsewhere in SITC” by 1.2 %, and “Equipment and transport tools” by 0.5 %. A lower has been recorded in “Chemical substances and associated merchandise” by 1.81 %, and no change is seen in “Crude supplies, inedible, besides fuels” and “Animal and vegetable oils, fat and waxes”.

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A comparability of EXUVI Q1-2022 with the EXVUI Q1-2021 (Annual change), a rise has been recorded within the normal index (EXUVI), by 61.05 %. This Y-o-Y worth will increase main because of the unite worth rising in eight teams specifically: “Mineral fuels, lubricants and associated supplies” by 63.66 %, adopted by “Chemical substances and associated merchandise, N.E.C” by 48.3 %, Manufactured items categorized mainly by materials” by 39.04 %, “Animal and vegetable oils, fat and waxes” by 29.12 %, “Miscellaneous manufactured articles” by 26.79 %, “Equipment and transport tools” by 3.41 %, “Drinks and Tobacco” by 2.5 %, and “Crude supplies, inedible, besides fuels” by 0.55 %.
A lower has been proven in “Commodities and transactions not categorized elsewhere in SITC” by 7.89 %, and in “Meals and dwell animals” by 3.23 %.