Qatar’s Trade Balance Registers QR9.6 Billion Surplus in November

Doha, 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%.

Source: Qatar News Agency