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Qatar foreign merchandise trade surplus QR 7bn in October


Friday، 27 November 2020 03:53 PM

In its report that includes the preliminary figures of the value of exports of domestic goods, re-exports and imports for October 2020, the Planning and Statistics Authority said the total exports of goods in October (including exports of goods of domestic origin and re-exports) amounted to around QR15.3 billion, showing a decrease of 23.5 percent compared to Oct. 2019, and increased of 14.1 percent compared to Sept. 2020.
On other hand, the imports of goods in Oct. 2020 amounted to around QR8.3 billion, showing a decrease of 1.0 percent over October 2019. However, on a month on month (M-o-M) basis the imports increase by 18.3 percent compared to Sept. 2020.
In October 2020, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 7.0 billion almost, i.e. a decrease of about QR 4.6 billion or 39.6 percent compared to Oct. 2019, And increased by nearly QR 0.6 billion or 9.5 percent compared to September 2020.
The year on year (October 2020 to October 2019) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 9.7 billion approximately in Oct. 2020, i.e. a decrease of 18.1 percent, Petroleum oils & oils from bituminous minerals (crude) reaching QR 2.1 billion nearly, decreased by 39.6 percent, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching 0.5 billion, decreased by 62.4 percent.
In October 2020, India was at the top of the countries of destination of Qatars exports with close to QR 2.6 billion, a share of 16.6 percent of total exports, followed by Japan with almost QR 2.3 billion and a share of 14.8 percent, China with about QR 2.3 billion, a share of 14.8 percent.
The year on year (October 2020 to October 2019), the group of " Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof " was at the top of the imported group of commodities, with QR 0.6 billion, showing an increase of 46.0 percent. In second place was " Parts of Aero planes or Helicopters " with QR 0.3 billion, showing a decrease of 20.4 percent and in third place was "Motor cars & other motor vehicles for the transport of persons" with QR 0.20 billion, decrease of 60.3 percent.
In October 2020, United State of America was the leading country of origin of Qatars imports with about QR 1.2 billion, a share of 14.7 percent of the imports, followed by China with QR 1.0 billion almost, a share of 12.0 percent, and India with QR 0.5 billion, a share of 5.8 percent.

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