Qatar Trade Balance Records Surplus of QAR 5.9 Billion in June 2020

29-07-2020


 

Qatari Planning and Statistics Authority (PSA) has issued its preliminary report on the statistics of the external trade for the month of June 2020. The report included data on the exports (of local origin and re-export) and imports. Below is a summary of the data published in the PSA report:
Total Qatari exports (which included exports of local origin and re-export) during June 2020 amounted nearly QAR 12.7 billion reflecting a decline of 41.1% compared to June 2019 and a decrease nearly 4.0% compared to last May.
Therefore, the commodity trade balance, which represents the difference between the total exports and the total imports of commodities, has achieved a surplus of QAR 5.9 billion during June 2020, recording a decline of 56.7% (QAR 7.7 billion) compared to the equivalent month last year 2019, and an increase by 10.2% (QAR 0.5 billion) approximately over the preceding month May 2020.

More News