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%).
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