Doha: Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR36.3bn in September 2022, an increase of about QR17.2bn or 89.9 percent compared to September 2021, and increase by nearly QR0.1bn or 0.1 percent compared to August 2022.
The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for September 2022.
In September 2022, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR47.6bn, showing an increase of 70.6 percent compared to September 2021, and increase of 1.7 percent compared to August 2022.
On other hand, the imports of goods in September 2022 amounted to around QR11.3bn, showing an increase of 28.6 percent compared to September 2021 and increase of 7 percent compared to August 2022.
The year on year (September 2022 vs. September 2021) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR35.4bn (approximately) in September 2022, i.e. an increase of 104.2 percent, Petroleum oils & oils from bituminous minerals (crude) reaching QR4.8bn nearly, increase by 34.3 percent, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching QR3.1bn 13.8 percent.
In September 2022, China was at the top of the countries of destination of Qatar’s exports with close to QR 7bn, a share of 14.6 percent of total exports, followed by South Korea with almost QR5.7bn and a share of 12 percent, India with about QR5.1bn, a share of 10.6 percent.
The year on year (September 2022 vs. September 2021), the group of “Turbojets, Turbopropellers & Other Gas Turbines; Parts Thereof” was at the top of the imported group of commodities, with QR0.8bn, showing an increase of 2.4 percent. In second place was “Motor Cars & Other Motor Vehicles for The Transport of Persons” with QR0.4bn, showing an increase of 34.1 percent and in third place was “Parts of Balloons Etc.; Parts Of Aircraft, Spacecraft etc.“ with QR0.3bn, increase of 61.0 percent.
In September 2022, China was the leading country of origin of Qatar’s imports with about QR1.64bn, a share of 14.5 percent of the imports, followed by United State of America with QR1.63bn almost, a share of 14.4 percent, and Turkey with QR0.9bn, a share of 8.1 percent.
