Economy Qatar’s trade balance surplus jumps 78% to $4.2bn By Pramod Kumar August 29, 2022, 6:29 AM Creative Commons The annual export jump for Qatar was mainly due to higher sale of petroleum gases and other gaseous hydrocarbons. Qatar’s trade balance surplus grew 78 percent year-over-year in July to QR 15.2 billion ($4.17 billion), the state-owned Qatar News Agency reported, citing official data. Preliminary figures showed that the total value of exports, including exports of goods of domestic origin and re-export, reached QR 44.4 billion, up 61.9 percent year-on-year, according to data released by the Planning and Statistics Authority. On the other hand, imports of goods reached nearly QR 9.6 billion in July, rising 21.8 percent year-on-year. The annual export jump was mainly due to rise in petroleum gases and other gaseous hydrocarbons such as LNG, condensates, propane, and butane. India topped Qatar’s export list with nearly QR 5.7 billion, followed by Japan (QR 5.12 billion) and South Korea (QR 5.08 billion). China was the leading country of origin for Qatar’s imports with nearly QR 1.7 billion, followed by the US (QR 1.6 billion) and India (QR 0.6 billion). Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
