Qatar: The trade balance surplus records a growth of 18.5%
Last month, the Qatari merchandise trade balance, which represents the difference between total exports and imports, achieved a surplus of 25.1 billion riyals ($6.9 billion), registering an increase of 3.9 billion riyals and 18.5 percent on an annual basis, compared to the same period last year.
The latest data of the Qatari Planning and Statistics Authority, issued yesterday showed that the value of total Qatari exports, which includes exports of local origin and re-exports during the past month, amounted to 38 billion riyals, an increase of 26.3 percent compared to the same period last year.
On the other hand, the value of merchandise imports increased to about 12.9 billion riyals, an increase of 45 percent compared to the same month in 2021.
China topped the destination countries for Qatar’s exports during the past month, with a value of 5.6 billion riyals and 14.8 percent of the total value of Qatari exports, followed by India, with a value of 4.63 billion riyals and 12.2 percent, and South Korea, with a value of 4.61 billion riyals and 12.1 percent.
According to the statistics, the United States of America topped the countries of origin for Qatar’s imports during the past month, with a value of 2.2 billion riyals and 17 percent of the total value of merchandise imports, followed by China, with a value of 2.1 billion riyals and 16.2 percent, and Germany, with a value of 700 million riyals and 5.5 percent.