Doha, November 19 (QNA) – Qatar recorded a merchandise trade balance surplus (difference between total exports and imports) in Q3 2022 of QR 107.3 billion up from QR 57.8 billion in Q3 2021, an increase of 85.6 percent.
The Planning and Statistics Authority (PSA) issued the press release on “Quarterly Foreign Merchandise Trade Statistics, Q3 2022 State of Qatar”, comprising quarterly data on imports, exports, re-exports, and trade balance. The bulletin presents detailed statistics of the foreign merchandise trade of Qatar by commodity and partner country. Quarter-on-Quarter (Q-o-Q) percentage changes are also provided.
Total Exports: In Q3 2022, the value of Qatar’s total exports (including exports of domestic goods and re-exports) amounted to QR 138.8 billion, increased by QR 56.2 billion (68.0 percent) compared to Q3 2021 which amounted total exports of QR 82.6 billion. And increased by nearly QR 12.8 billion or 10.2 percent compared to Q2 2022.
The Q3 2022 year on year (Y-o-Y) increase in total exports was mainly due to higher exports of Mineral fuels, lubricants and related materials by QR 54.2 billion (77.1 percent), Chemicals and Related Products n.e.s. by QR 1.0 billion (13.2 percent), Manufactured Goods Classified Chiefly By Material by QR 0.6 billion (36.6 percent), Miscellaneous Manufactured Articles by QR 0.4 billion (184.2 percent). On other hand decreases was recorded mainly in Machinery and Transport Equipment by QR 0.03 billion (1.6 percent), Food and Live Animals by QR 0.002 billion (7.7 percent).
Imports: The value of Qatar’s imports in Q3 2022 was QR 31.5 billion; increased by QR 6.7 billion (27.1 percent) compared to Q3 2021 imports of QR 24.8 billion. And increased by nearly QR 4.1 billion or 15.0 percent compared to Q2 2022. (Tables 1, 2)
The Q3 2022 (Y-o-Y) increase in imports values is mainly due to increases in Miscellaneous Manufactured Articles by QR 1.9 billion (44.8 percent), Machinery and Transport Equipment by QR 1.6 billion (16.2 percent), Food and Live Animals by QR 1.3 billion (56.0 percent), Manufactured Goods Classified Chiefly by Material by QR 0.8 billion (21.3 percent), Chemicals and Related Products n.e.s. by QR 0.7 billion (26.9 percent), Mineral Fuels, Lubricants and Related Materials by QR 0.3 billion (142.7 percent). On other hand no significant decrease was recorded in Q3 2022.
Major Export/Import Partners: During Q3 2022, Asia was the principal destination of Qatar’s exports and the first origin of Qatar’s imports, representing 60.5 percent and 40.1 percent respectively, followed by the European Union, accounting for 28.1 percent and 26.4 percent respectively, and GCC, with 8.3 percent and 6.2 percent respectively. (QNA)
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