October 6, 2022

Qatar Export Value Index increases 61.05 percent

Qatar’s Export Unit Value Index (EXUVI) for the first quarter of 2022 rose 6.76 percent from that for the previous quarter (Q4-2021) and surged 61.05 percent from a year ago, official data showed.
EXUVI monitors changes of a unit value of export goods and reflect the economic status of the country.
Standard International Trade Classification Index (SITC4) are used in calculating this indicator, which is classified the data into 10 main groups containing 56 commodities classified according to the Harmonized System (HS). Each main group have relative weights depends on its value on the base year 2018.
The group containing mineral fuels, lubricants and related materials has the highest weightage of 88.77 percent, followed by chemicals and related products with 8.04 percent, and manufactured goods classified chiefly by material with 2.63 percent. These three groups together make about 99.5 percent of the EXUVI basket.
According to the Planning and Statistics Authority, the quarter-on-quarter rise in EXUVI is driven by rises in seven main groups — manufactured goods classified chiefly by material by 11.48 percent, mineral fuels, lubricants and related materials by 7.59 percent, miscellaneous manufactured articles by 5.73 percent, beverages and tobacco by 2.5 percent, food and live animals by 1.53 percent, commodities and transactions not classified elsewhere in SITC by 1.2 percent and machinery and transport equipment by 0.5 percent.
A decrease has been recorded in chemicals and related products by 1.81 percent. No change is noticed in crude materials, inedible, except fuels and animal and vegetable oils, fats and waxes.
PSA attributed the year-on-year rise in EXUVI to rising values in eight groups — mineral fuels, lubricants and related materials by 63.66 percent, chemicals and related products by 48.3 percent, manufactured goods classified chiefly by material by 39.04 percent, animal and vegetable oils, fats and waxes by 29.12 percent, miscellaneous manufactured articles by 26.79 percent, machinery and transport equipment by 3.41 percent, beverages and tobacco by 2.5 percent and crude materials, inedible, except fuels by 0.55 percent. A decrease has been shown in commodities and transactions not classified elsewhere in SITC by 7.89 percent and food and live animals by 3.23 percent.