Qatar Trade Balance Records a Surplus of QAR 11.7 billion Last October.

27 November 2019

The Trade Balance (difference between total exports and total imports) of the Estate of Qatar has recorded a surplus of QAR 11.7 billion last October. A decline of 9.1%, month on month basis (compared to Sept 2019), and 38.4% decline, year on year basis (compared to the equivalent month 2018).

A statement made by the Planning and Statistics Authority stated that the Qatari total exports (including exports of local origin, and re-exports) amounted nearly QAR 20.0 billion during October this year, a decrease of 30.3%, compared to the equivalent month last year, and a decrease of 1.4%, compared to the preceding Sept 2019.

On the other side, the value of imports of commodities during October 2019 decreased by 14.7% year on year basis registering QAR 8.4 billion, while it increased by 11.7% month on month basis.

The value of “petroleum gases and other hydro carbonic gases “exports, registered QAR 11.9 billion, a decline of 33.4% year on year basis, while the value of “petroleum oils and raw bituminous mineral oils materials” exports amounted nearly QAR 3.5 billion (23.9%). Also, the value of “petroleum oils and oils extracted from non-raw bituminous mineral materials” exports amounted nearly QAR 1.4 billion, (43.8%).

Japan occupied the lead position among the destination countries of Qatar exports during last October by QAR 3.1 billion total exports value, (15.5% of the total Qatari exports),  followed by India by nearly QAR 3.1 billion, (15.4% of the total Qatari exports), then came Korea by QAR 2.6 billion (12.9%).

The category of “automobiles and vehicles designed basically for transportation” topped the imports menu where it amounted QAR 0.5 billion, an increase of 5.2% year on year basis, followed by “jet turbines, driving force turbines, other gas turbines and their parts” category, by QAR 0.4 billion, a decrease of 14.8%, followed by “ordinary aircrafts and helicopters parts” category, which amounted to nearly QAR 0.3 billion, an increase of 8.2%.

The USA came in the first position among the countries of origin of the Qatari imports during the month by approximately QAR 1.1 billion (13.5% of the total value of the merchandise imports), followed by China, QAR 1.1 billion (12.6%), followed by Germany by QAR 0.8 billion (9.0%).