Qatar’s trade balance jumps 78% year-on-year


DOHA: QatarThe trade balance surplus rose 78 percent year-on-year in July to QR 15.2 billion, official data showed on Sunday. The data of the Planning and Statistics Authority released preliminary domestic goods export value figures which showed that the total value of goods exports (including domestic goods exports and re-exports) amounted to approximately QR 44.4 billion , an increase of 61.9% compared to July 2021, and an increase of 12.4% compared to June 2022. On the other hand, imports of goods in July 2022 amounted to approximately 9.6 billion QR, an increase of 21.8% compared to July 2021 and an increase of 2.9% compared to June 2022.

The year-on-year increase (July 2022 compared to July 2021) in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 30.6 billion (approx.) in July 2022, an increase of 90.3%, Petroleum Oils and Bituminous Mineral Oils (Crude) reaching nearly QR 6.0 billion, an increase of 35.0% and an increase in petroleum oils and oils from bituminous minerals (non-crude) reaching 2.9 billion 1.7 percent.

India topped Qatar’s export destination countries with nearly QR 5.7 billion, representing a 12.8% share of total exports, followed by Japan with nearly QR 5.12 billion and a share of 11.55%, South Korea with about QR 5.08 billion, a share of 11.46%.


Comments are closed.