Export Unit Index Increases 32.38% In Q3| MENAFN.COM

Saturday, 03 December 2022 02:06 GMT

Export Unit Index Increases 32.38% In Q3


(MENAFN- The Peninsula) The Peninsula

Doha: Qatar's Export Unit Value Index (EXUVI) rose by 32.38 percent year-on-year (Y-o-Y) during the third quarter of 2022, reflecting the economic status of the country. When compared to the previous quarter (Q2 2022), Qatar's EXUVI increased by 0.93 percent, according to figures released by the Planning and Statistics Authority (PSA) yesterday.

The release of this indicator is one of the requirements of the PSA in providing accurate statistical information and data that support the decision-makers.

Standard International Trade Classification Index (SITC4) is used in calculating this indicator, which classified the data into 10 main groups containing 56 commodities classified according to the Harmonized System (HS). Each main group has relative weights depending on its value on the base year 2018.

The highest relative weight was for“Mineral fuels, lubricants and related materials” 88.77 percent, the second position was for“Chemicals and related products, n.e.s” with 8.04 percent, and the third position was for“Manufactured goods classified chiefly by material” with 2.63 percent. These three groups together make about 99.5 percent of the EXUVI basket. 

An analysis [on Q-o-Q basis] of EXUVI for Q3- 2022 compared with EXUVI, Q2-2022, showed that there were three main groups, where respective indices in this month have increased, namely:“Machinery and transport equipment” by 16.35 percent, followed by“Beverages and Tobacco” by 8.69 percent, and“Mineral fuels, lubricants and related materials” by 2.75 percent.

A decrease has been recorded in followed by“Food and live animals” by 17.57 percent, followed by“Chemicals and related products” by 16.33 percent,“Crude materials, inedible, except fuels” by 8.69 percent,“Miscellaneous manufactured articles” by 8.35 percent,“Commodities and transactions not classified elsewhere in SITC” by 5.45 percent, and“Manufactured goods classified chiefly by material” by 4.31 percent, no change is noticed in“Animal and vegetable oils, fats and waxes”. 

A comparison of EXUVI Q3-2022 with the EXVUI Q3-2021 (Annual change), an increase has been recorded in the general index (EXUVI), by 32.38 percent. This [Y-o-Y] value increases primary due to the unite value rising in seven groups.

“Machinery and transport equipment” by 39.10 percent, followed by“Mineral fuels, lubricants and related materials” by 35.10 percent,“Manufactured goods classified chiefly by material” by 21.33 percent,“Beverages and Tobacco” by 11.89 percent,“Miscellaneous manufactured articles” by 9.44 percent,“Crude materials, inedible, except fuels” by 9.23 percent, and “Chemicals and related products, N.E.C” by 8.60 percent. A decrease has been shown in“Commodities and transactions not classified elsewhere in SITC” by 8.98 percent, and“Food and live animals” by 4.53 percent. 

No change is noticed in“Animal and vegetable oils, fats and waxes”.

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