Tribune News NetworkDohaQatar exported goods worth QR45.3 billion and imported merchandise worth QR8.8 billion in May 2022, leading to a trade surplus of QR36.6 billion. This is QR20 billion, or 120.1 percent, more than the surplus recorded a year ago, the Planning and Statistics Authority has said.While Qatar’s exports (including exports of goods of domestic origin and re-exports) in May jumped 81.9 percent from May 2021 and 4.3 percent from April 2022, imports rose 5.5 percent from a year ago and declined 5.6 percent from a month ago. The year-on-year increase in exports was mainly driven by increased shipping of petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.). Their shipments accounted for QR30.3 in May 2022, an increase of 116.2 percent. Similarly, exports of petroleum oils and oils from bituminous minerals (crude) grew 39.5 percent to bring in QR5.6 billion. Those of petroleum oils and oils from bituminous minerals (not crude) surged 36.5 percent, raking in QR3.3 billion.In May 2022, China received the single biggest share of Qatar’s exports, accounting for QR7 billion or 15.5 percent of the total exports. India accounted for QR5.4 billion or 11.9 percent and the United Kingdom for QR4.7 billion or 10.3 percent.China is again the leader when it comes to imports to Qatar. The country shipped in QR1.3 billion worth of products, accounting for 15.3 percent of the total imports. The US imported QR900 million worth of goods (10.8 percent), while India shipped in merchandise worth QR600 million (6.7 percent).Cars and mass transport vehicles were at the top of Qatar’s import commodities, accounting for QR400 million.
Business
Qatar’s trade surplus surges 120 percent to QR36.6 billion
Qatar Tribune
Jun 29, 2022
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