Qatar Chamber continued to support and develop the country's business sector in 2021, and to encourage investment and facilitate its growth, according to the chamber’s economic newsletter for December.
The newsletter highlights the most prominent trends in the Qatari economy, as well as statistics related to foreign trade and trade of private sector in September 2021, according to the certificates of origin issued by the chamber.
Prepared by the chamber’s Research & Studies Department, it also highlights a report about exports of the private sector in October 2021 and the chamber’s accomplishments last year.
In 2021, the chamber kept pace with the achievements of the State and succeeded in proving its role as a representative of the Qatari private sector; the chamber’s goal is to work to support, promote, develop, and protect the interests of companies and institutions as the voice of the business community in the country.
In 2021, Qatar Chamber completed more than 56,902 electronic transactions and issued about 42,321 certificates of origin for exports, and five ATA Carnets. The total number of its members stood at about 70,000.
Further, chamber strengthened its digital structure and worked to add further development to the services it provides to the business community to facilitate its members and affiliated companies and institutions, as well as provided all possible means to communicate with them and complete their transactions with ease and professionalism.
Citing figures from the Planning and Statistics Authority (PSA) for October 2021, the total value of foreign merchandise trade amounted to QR39bn, showing an increase of 65.3% compared to QR23.6bn in October 2020, and a month-on-month (m-o-m) increase of 5.85% from QR36.83bn.
In October, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR30.1bn, showing a sharp increase of 96.4% compared to QR15.3bn in October last year, and an increase of 7.3% compared to QR28.1bn in September 2021.
The imports of goods in October 2021 amounted to around QR8.9bn, showing a year-on-year increase of 7.6% from QR8.3bn, and an increase of 1.30% compared to QR8.8bn in September 2021.
Therefore, the country’s foreign merchandise trade balance, which represents the difference between total exports and imports, amounted to QR21.2bn, showing an increase of 200% compared to QR7.1bn in October 2020, as well as a 10% m-o-m increase. In October 2021, China was at the top of the countries of destination of Qatar’s foreign trade with about QR5bn, a share of 12.7% of the state’s total foreign trade.