Qatar’s trade surplus increases 194.1% in April year on year

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Doha: Qatar’s merchandise trade balance, which is the difference between exports and total imports, posted a surplus of QR 12.8 billion, reflecting an increase of around QR 8.4 billion or 194.1 % compared to April 2020, according to the Planning and Statistics Authority (PSA). The trade balance fell by almost QR 0.4 billion or 3% from March 2021, according to preliminary figures for domestic goods exports and imports for April 2021 released by the PSA.

In April 2021, total merchandise exports (including domestic merchandise exports and re-exports) amounted to approximately QR 21 billion, an increase of 77.1% from April 2020 and a decrease by 5% compared to March 2021. Merchandise imports in April 2021 amounted to approximately QR 8.2 billion, an increase of 9.2% compared to April 2020 and a decrease of 8% compared to March 2021.

The year-on-year increase (April 2021 to April 2020) in total exports is mainly due to the increase in exports of petroleum gas and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 11.7 billion euros. RQ approximately in April 2021, an increase of 52.6%, with petroleum oils and oils obtained from bituminous minerals (crude) reaching almost RQ 3.2 billion, increasing by 171.9%, and the increase in Petroleum oils and bituminous minerals (uncrude) reaching RQ 2.2 billion, increased by 356.2 percent.

In April 2021, Japan led Qatar’s export destination country with nearly QR 2.8 billion, a 13.4% share of total exports, followed by China with nearly QR 2.76 billion. QR and a share of 13.2%, India with about QR 2.7 billion, a share of 12.7%.

In April 2021, China was the top country of origin for Qatar’s imports with around QR 1.1 billion, a 13.4% share of imports, followed by the United States of America with almost 1.08 billion QR, a share of 13.3%, and India with QR0.6 billion, a share of 7.4 percent.

From year to year (April 2021 to April 2020), the group of “Turbojets, turbopropellers and other gas turbines; Parts of these ”led the group of imported products, with QR 0.5 billion, a decrease of 32.4%. In second place was “Automobiles and other motor vehicles for the transport of persons” with 0.4 billion QR, showing an increase of 20.9% and in third place was “Electrical apparatus for telephony / telegraphy by line, telephone sets, etc. ; Parts of it ”with QR 0.3 billion, an increase of 23.6%.

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