Qatar’s Private Sector Exports Achieve $3.35bn Milestone in 2024

Qatar, 27 February, 2025 :  Qatar's private sector exports reached QR12.2bn in 2024, despite a 41% decrease compared to the previous year. In Q4 alone, exports amounted to QR4.48bn, reflecting a 68.5% year-on-year increase from QR2.66bn in Q4 2023. On a quarterly basis, exports grew by 75.3% compared to QR2.55bn in Q3 2024.

The highest export value in Q4 came from the General Model certificate (76.7%), followed by the GCC Model at 18.7%. Notably, six of the top 10 commodity groups saw an increase in export values, including chemical fertilizers (up 379.6%) and aluminium (up 6.1%). However, exports of fuel products and essential oils saw declines.

Chemical fertilizers were the top export item, with 91% of shipments going to Asia. Other notable exports included aluminium (80% to Asia), chemicals (85% to GCC countries), and steel (89% to GCC). Exports to Asian countries accounted for 58.4% of the total, with India being the largest destination, receiving QR1.5bn (34.3% share), followed by the UAE at QR638m (14.2%) and Bangladesh at QR528m (11.8%).