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Tribune News Network
Doha
The total value of foreign merchandise trade in May reached QR21.2 billion, an increase of 9.8 percent from QR19.3 billion in April, Qatar Chamber (QC) has said in its monthly economic newsletter for July.
Released on Sunday, the issue highlighted the most prominent trends in the Qatari economy as well as statistics related to foreign trade and trade of the private sector in May 2020.
The report, prepared by QC’s Researches and Studies Department highlighted the ‘Developing Partnership between Public and Private Sectors’ conference held on July 7 via video conference.
The QC report also included figures from the Planning and Statistics Authority (PSA) to substantiate the trade figures.
The figures indicate that the state’s foreign trade has grown to its normal level before the pandemic of COVID-19, backed by an increase in the value of exports and imports.
In May 2020, the total exports of goods including exports of goods of domestic origin and re-exports reached QR13.3 billion, an increase of 12.7 percent compared to QR11.8 billion in April, while imports during the same month reached about QR7.9 billion, recording an increase of 5.3 percent compared to QR7.5 billion in April.
Therefore, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR5.4 billion, recording an increase of 25.5 percent compared to QR4.3 billion in April.
In May 2020, South Korea was at the top of the countries of destination of Qatar’s exports with a value close to QR2.12 billion and representing a share of 15.8 percent of total exports. China was second with almost QR1.870 billion representing a share of 14.1 percent. It was followed by Japan, India and the USA.
With regards to Qatar’s imports according to the country of origin in May, the United States was the leading country with about QR2.12 billion, a share of 26.7 percent of the total imports amounting to QR7.9 billion. It was followed by the UK with QR1.305 billion almost, a share of 16.5 percent, and China with QR1.057 billion, a share of 13.4 percent. Germany comes in fourth place with about QR0.345 billion, a share of 4.4 percent, followed by Turkey with QR0.291 billion, a share of 3.6 percent of the total value.
The report also featured the trade of private sector during May according to the certificate of origin issued by the chamber. The private sector’s exports in May increased by 7 percent to QR609.6 million compared to QR572.2 million in April.
Exports during May through the ‘GSP’ have the largest value, increasing by 126 percent than the value of April. It was followed by exports through GCC model that increased by 18 percent and the general model by
6 percent.
Data included in the report showed that the chemical fertilisers group came first in the private sector exports list at QR40 million, recording a sharp increase compared to QR117000
in April.
The second was helium gas and industrial gas group, with exports amounting to QR130 million, an increase of 319 percent compared to QR 31 million in April, followed by chemical substances which reached QR72 million compared to QR53mn in April, an increase of 35 percent.
Petrochemicals exports were in third place with exports reaching QR15 million compared to QR13 million in April.
In May 2020, India was at the top of the countries of destination of private sectors exports with close to QR178 million, a share of 29 percent of the total exports. Oman came in second place with almost QR98 million and a share of 16 percent, followed by Turkey with about QR 53million, a share of 9 percent.
UK came in fourth place with almost QR30 million, a share of 5 percent, and Norway with about QR29 million, a share of 5 percent.
Doha
The total value of foreign merchandise trade in May reached QR21.2 billion, an increase of 9.8 percent from QR19.3 billion in April, Qatar Chamber (QC) has said in its monthly economic newsletter for July.
Released on Sunday, the issue highlighted the most prominent trends in the Qatari economy as well as statistics related to foreign trade and trade of the private sector in May 2020.
The report, prepared by QC’s Researches and Studies Department highlighted the ‘Developing Partnership between Public and Private Sectors’ conference held on July 7 via video conference.
The QC report also included figures from the Planning and Statistics Authority (PSA) to substantiate the trade figures.
The figures indicate that the state’s foreign trade has grown to its normal level before the pandemic of COVID-19, backed by an increase in the value of exports and imports.
In May 2020, the total exports of goods including exports of goods of domestic origin and re-exports reached QR13.3 billion, an increase of 12.7 percent compared to QR11.8 billion in April, while imports during the same month reached about QR7.9 billion, recording an increase of 5.3 percent compared to QR7.5 billion in April.
Therefore, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR5.4 billion, recording an increase of 25.5 percent compared to QR4.3 billion in April.
In May 2020, South Korea was at the top of the countries of destination of Qatar’s exports with a value close to QR2.12 billion and representing a share of 15.8 percent of total exports. China was second with almost QR1.870 billion representing a share of 14.1 percent. It was followed by Japan, India and the USA.
With regards to Qatar’s imports according to the country of origin in May, the United States was the leading country with about QR2.12 billion, a share of 26.7 percent of the total imports amounting to QR7.9 billion. It was followed by the UK with QR1.305 billion almost, a share of 16.5 percent, and China with QR1.057 billion, a share of 13.4 percent. Germany comes in fourth place with about QR0.345 billion, a share of 4.4 percent, followed by Turkey with QR0.291 billion, a share of 3.6 percent of the total value.
The report also featured the trade of private sector during May according to the certificate of origin issued by the chamber. The private sector’s exports in May increased by 7 percent to QR609.6 million compared to QR572.2 million in April.
Exports during May through the ‘GSP’ have the largest value, increasing by 126 percent than the value of April. It was followed by exports through GCC model that increased by 18 percent and the general model by
6 percent.
Data included in the report showed that the chemical fertilisers group came first in the private sector exports list at QR40 million, recording a sharp increase compared to QR117000
in April.
The second was helium gas and industrial gas group, with exports amounting to QR130 million, an increase of 319 percent compared to QR 31 million in April, followed by chemical substances which reached QR72 million compared to QR53mn in April, an increase of 35 percent.
Petrochemicals exports were in third place with exports reaching QR15 million compared to QR13 million in April.
In May 2020, India was at the top of the countries of destination of private sectors exports with close to QR178 million, a share of 29 percent of the total exports. Oman came in second place with almost QR98 million and a share of 16 percent, followed by Turkey with about QR 53million, a share of 9 percent.
UK came in fourth place with almost QR30 million, a share of 5 percent, and Norway with about QR29 million, a share of 5 percent.
