Doha: Qatar’s Import Unit Value Index (IMUVI) for the second quarter of 2022 (based on 2013) has reached 102.09 points, showing a decrease of 1.14 percent when compared to first quarter of 2022, data released by the Planning and Statistics Authority (PSA) show. Compared to its counterpart in 2021 (Q2 2021), [Y-o-Y basis], a decrease of 0.29 percent has been recorded in the general index (IMUVI) of this quarter. IMUVI contains of 10 main groups classified based on Standard International Trade Classification.
An analysis [on Q-o-Q basis] of IMUVI for Q2 2022 compared with IMUVI, Q1 2022, showed that there were four main groups, where respective indices in this month have decreased, namely: “Machinery and transport equipment” by 3.37 percent, followed by “Mineral fuels, lubricants and related materials” by 2.67 percent, “Animal and vegetable oils, fats and waxes” by 1.96 percent, and “Food and live animals” by 0.41 percent.
An increase has been recorded in: “Beverages and Tobacco” by 2.84 percent, followed by “Manufactured goods classified chiefly by material” by 2.44 percent, “Miscellaneous manufactured articles” by 0.58 percent, “Chemicals and related products” by 0.46 percent, and “Crude materials, inedible, except fuels” by 0.28 percent. While no change was noticed in “Commodities and transactions not classified elsewhere in SITC”.
When compared to the corresponding quarter of the previous year, the IMUVI of Q2 2022 has decreased by 0.29 percent compared to the IMUVI of Q2 2021. The Y-o-Y value decrease was primarily due to the unit value drop in five groups namely: “Mineral fuels, lubricants and related materials” by 8.13 percent, followed by “Crude materials, inedible, except fuels” by 3.80 percent, “Animal and vegetable oils, fats and waxes” by 3.40 percent, “Food and live animals” by 1.19 percent, and “Machinery and transport equipment” by 0.96 percent.
Meanwhile, an increase has been recorded in five groups namely: “Beverages and Tobacco” by 4.61 percent, followed by “Chemicals and related products, NEC” by 2.37 percent, “Miscellaneous manufactured articles” by 1.40 percent, “Manufactured goods classified chiefly by material” by 0.96 percent, and “Commodities and transactions not classified elsewhere in SITC” by 0.15 percent.
