22 billion riyals, the surplus of the trade balance of the State of Qatar in April 2023, a decrease of 35.6% on an annual basis


The country's merchandise trade balance, which represents the difference between total exports and imports during the month of April, achieved a surplus of 22 billion riyals, recording a decrease of 12.2 billion riyals, or 35.6 percent compared to the same month of 2022, and an increase of 0.7 billion riyals. Approximately, or 3.5 percent, compared to March 2023.
The Planning and Statistics Authority stated in a statement today that the total value of Qatari exports (which includes exports of local origin and re-exports) amounted to approximately 30.7 billion riyals, a decrease of 29.4 percent compared to April 2022, and a decrease of 0.5 percent compared to March 2023.
On the other hand, the value of merchandise imports decreased during April 2023, reaching about 8.7 billion riyals, a decrease of 6.3 percent compared to April 2022, and a decrease of 9.3 percent compared to March 2023.
The Planning and Statistics Authority attributed the decrease in the value of commodity exports last April compared to the same month of the year 2022, to the decline in the value of exports of "oil gases and other gaseous hydrocarbons", which represent (liquefied natural gas, condensate, propane, butane, etc..) to reach about 18.6 billion riyals, at a rate of 33.2 percent, and the value of “petroleum oils and oils obtained from bituminous mineral raw materials” decreased to approximately 5.0 billion riyals, or 25.8 percent, and the value of exports of “petroleum oils and oils obtained from non-raw bituminous mineral materials” decreased to about 2.6 billion riyals, or 29.0 percent. .
In terms of exports according to the main countries of destination, China ranked first in the destination countries for the exports of the State of Qatar during the month of April, with a value of approximately 5.6 billion riyals, or 18.3 percent of the total value of Qatari exports, followed by South Korea, with a value of approximately 5.1 billion riyals, or 16.6 percent. Of the total value of exports, then India, with a value of approximately 3.5 billion riyals, or 11.4 percent.
In comparison between April 2023 and April 2022, the group of “cars and other vehicles designed mainly for the transport of people” came at the top of the list of commodity imports, with a value of 0.4 billion riyals, with a decrease of 1.5 percent, followed by the group of “jet turbines, propeller turbines, and gas turbines.” Others and their parts”, with a value of approximately 0.36 billion riyals, a decrease of 47.5 percent.
With regard to imports according to the main countries of origin, the United States of America ranked first in the countries of origin with regard to the imports of the State of Qatar during the month of April 2023, with a value of approximately 1.3 billion riyals, or 14.7 percent of the total value of merchandise imports, then China, with a value of 1.1 billion riyals, or 13.0 percent, followed by India, at a value of 0.5 billion riyals, or 6.1 percent.


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