Qatar's Trade Balance Registers QR9.6
Billion Surplus in November
December 26, 2016
The Ministry of Development Planning and Statistics said today
that the State of Qatar's foreign
merchandise trade balance was a surplus of
QR 9.6 billion.
The figure is 8% lower compared to the same month of last year,
but is a 25% increase month over month. The
figures were available in the ministry's
trade statistics reports for November 2016.
Total exports of goods (including exports of goods of domestic
origin and re-exports) in November 2016
reached QR18.7 billion. The figure
represents a 10.1% decrease year-on-year and
an 0.1% decrease compared to October 2016.
Imports in November 2016 meanwhile were down
to QR9 billion, a 12.2% decrease Y-o-Y. It's
also a decline compared to last month, by
17.7%.
Exports of Petroleum gases and other gaseous hydrocarbons (LNG,
condensates, propane, butane, etc.) reached
QR11.6 billion approximately in November
2016. That's a decrease of 12.2%. Petroleum
oils & oils from bituminous minerals (not
crude) increased by 4.5% to reach QR 0.9
billion.
Japan was at the top of the countries of destination of Qatar’s
exports with close to QR 3.6 billion, a
share of 19.1% of total exports, followed by
South Korea with almost QR 31 billion and a
share of 16.5%, India with about QR 2.4
billion, a share of 12.7%.
Motor cars & other passenger vehicles, was at the top of the
imported group of commodities, with QR 0.8
billion, showing a decrease of 19.4%
compared to November 2015. In second place
was Turbojets, turbo propellers & other gas
turbines; parts Thereof. with QR 0.4
billion, showing an increase by 179.6%, and
in third place was Electrical Apparatus for
Line Telephony/Telegraphy, Telephone Sets
Etc.; Parts Thereof. with QR 0.2 billion,
decreased of 25.7%.
As for Imports by country, Germany was the leading country of
origin of Qatar’s imports with about QR 1.1
billion, a share of 11.9% of the imports,
followed by United State of America with QR
0.9 billion almost, a share of 10.3%, and
China with QR 0.9 billion, a share of 10.0%.
(QNA)