Qatar posts trade balance of QR 33.8 billion in July

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DOHA: Qatar posted a trade balance of QR 33.8 billion in July 2013, down 2.6% year-on-year. However, the goods trade balance showed a surplus of QR 32.9 billion in July compared to the previous month. In July 2013, total merchandise exports, including exports of domestic origin and re-exports, revenue was QR 41.3 billion and import value QR 8.4 billion. The total amount of exports decreased by 1.6% while imports increased by 2.7%, compared to the same period last year.

The increase in Qatar’s total exports came mainly from petroleum oils and oils from bituminous minerals (crude) which showed an increase of 13.5% compared to July 2012; however, the increase was partially offset by lower exports of petroleum gases and other gaseous hydrocarbons, as well as petroleum oils and oils from bituminous minerals (non-crude). The main destination countries were Japan with a share of 28% of total exports, followed by South Korea and India with 14% and 11% respectively. Motor cars and other passenger vehicles, telephones, mobile phone handsets and aircraft spare parts were the main import products in July 2013. China and the United States were the main countries of origin with a 10% share of total imports each, followed by the UAE with a seven percent share.

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