Quarterly Import Unit Value Index Increased in Q2-2024

The Quarterly Import Unit Value Index (IMVUI) for the second quarter of 2024 reached 108.93 points showing an increase of 0.85% when compared to first quarter-2024. Compared to counterpart in 2023 (Q2-2023), Y-o-Y basis, a decrease of 0.09% has been recorded in the general index (IMUVI) of this quarter.Released by the National Planning Council, IMUVI contains ten main groups classified based on Standard International Trade Classification.An analysis on Q-o-Q basis of IMUVI of Q2- 2024 compared with IMUVI, Q1-2024, showed that there were six main groups, where respective indices in this month have increased, namely: "Commodities and transactions not classified elsewhere in SITC" by 12.13%, followed by "Crude materials, inedible, except fuels" by 8.14%, "Animal and vegetable oils, fats and waxes" by 4.26%, "Miscellaneous manufactured articles" by 3.85%, "Food and live animals" by 2.34%, and "Manufactured goods classified chiefly by material" by 2.12%.A decrease has been recorded in "Machinery and transpor t equipment" by 2.03%, followed by "Mineral fuels, lubricants and related materials by 1.42%, "Beverages and Tobacco" by 0.75%, and "Chemicals and related products" by 0.74%.A comparison of IMUVI Q2-2024 with the IMVUI Q2-2023 (Annual Change), a decrease has been recorded in the general index (IMUVI), by 0.09%. This Y-o-Y value decreases primarily due to the unit value decline in five groups namely: "Animal and vegetable oils, fats and waxes" by 7.21%, followed by "Mineral fuels, lubricants and related materials" by 5.10%, "Food and live animals" by 1.79%, "Manufactured goods classified chiefly by material" by 1.65%, and "Miscellaneous manufactured articles" by 1.14%.An increase has been shown in "Commodities and transactions not classified elsewhere in SITC" by 13.28%. "Beverages and Tobacco" by 2.09%, "Crude materials, inedible, except fuels" by 1.53%, "Chemicals and related products" by 0.88%, and "Machinery and transport equipment" by 0.62%.Source: Qatar News Agency