Doha, November 27 (QNA) – Qatars merchandise trade balance, which represents the difference between total exports and imports, during last October achieved a surplus of QR 25.1 billion ($6.8 billion), recording an increase of 3.9 billion riyals, or 18.5 percent year-on-year, compared to the same period last year, while it decreased by approximately 6 billion riyals, or 19.2 percent, compared to September 2022.
Today, the data of the Planning and Statistics Authority showed that the value of total Qatari exports (which includes exports of local origin and re-exports) during last October amounted to approximately QR 38 billion, an increase of 26.3 percent, compared to the same period last year, and a decrease of 10.3 percent. compared to the previous September (1 dollar = 3.6 Qatari riyals).
On the other hand, the value of merchandise imports increased to about QR 12.9 billion, an increase of 45 percent compared to October 2021, and an increase of 14.3 percent compared to last September.
With regard to the value of exports last October, compared to the same month of 2021, the value of exports of “oil gases and other gaseous hydrocarbons”, which represent (liquefied natural gas, condensate, propane, butane, etc.), increased to reach about 25.5 billion riyals, or by 35.2 percent. “Petroleum oils and oils obtained from bituminous mineral raw materials” to reach approximately 5.4 billion riyals, or 33.2 percent, and the value of exports of “oil oils and oils obtained from non-crude bituminous mineral materials” decreased to about 2.2 billion riyals, or 28.8 percent.
China ranked first in the destination countries for the exports of the State of Qatar, during the month of October, with a value of approximately QR 5.6 billion, or 14.8 percent, of the total value of Qatari exports, followed by India, with a value of approximately QR 4.63 billion, or 12.2 percent of the total value of exports. Then South Korea, with a value of approximately QR 4.61 billion, or 12.1 percent.
(QNA)