Qatar’s Export Unit Value Index (EXUVI) eased 1.75% on an annualised basis during the fourth quarter (Q4) of this year, according to the official statistics.
The country's EXUVI was seen plummeting 13% quarter-on-quarter during Q4, 2022, said the figures released by the Planning and Statistics Authority (PSA).
The release of this indicator is one of the requirements of the PSA in providing accurate statistical information and data that support the decision-maker.
Standard International Trade Classification Index (SITC) is used in calculating this indicator, which is classified the data into ten main groups, containing 56 commodities classified according to the harmonised system.
On a yearly basis, the decline in the EXUVI was primarily due to a 19.8% contraction in the export unit value of food and live animals; 17.22% in chemicals and related products; 3.89% in crude materials, inedible (except fuels); 2.38% in miscellaneous manufactured articles; and 0.28% in mineral fuels, lubricants and related materials.
However, there was a 15.96% increase in the export unit value of beverages and tobacco; 6.54% in machinery and equipment; and 4.89% in manufactured goods classified chiefly by materials.
On a quarterly basis, the export unit value of mineral fuels, lubricants and related materials was seen plunging 14.12%, chemicals and related products (2.98%), manufactured goods classified chiefly by materials (2.12%) and machinery transport and equipment (1.12%).
Nevertheless, there was a 5.3% jump in the export unit value of crude materials, inedible (except fuels); 4.84% in miscellaneous manufactured articles; and 3.64% in beverages and tobacco.
The export unit value of animals and vegetable oils, fats and waxes group as well as commodities and transactions not classified elsewhere in SITC was unchanged year-on-year and month-on-month respectively during Q4, 2022.
