Home » Business » Qatar’s trade balance rose 6.7% to $7 billion in November

Qatar’s trade balance rose 6.7% to $7 billion in November

Exports amounted to about 37 billion riyals last November (AFP)

jump Trade balance surplus for a state Diameter During last November, by 6.7%, to 26.17 billion riyals ($7.1 billion), compared to 24.52 billion riyals in the same month of 2021, while the surplus increased on a monthly basis by about 4.3%, due to a decline in the country’s imports of 15.5%, with a decline in exports of 2.4%.

According to a statement released by the Qatar Planning and Statistics Authority on Wednesday, the trade surplus supported an increase in total exports of about 8.1 percent to reach 37 billion riyals, compared to the level of the same month last year, which amounted to 34.28 billion riyals.

Qatar’s imports last month exceeded 10.9 billion riyals, an annual increase of 11.7%.

Exports of “petroleum gas and other gaseous hydrocarbons” increased by 10.3% annually to 24.7 billion riyals, and exports of “petroleum oils and continental mineral raw materials” increased by 283%. to 5.2 billion riyals, while exports of “petroleum oils and oils obtained from non-crude continental mineral materials” decreased by 5.9% to 2.7 billion riyals.

China took the lead in countries receiving Qatar’s exports worth 7 billion riyals, followed by India with 4.3 billion riyals, then South Korea with 4 billion riyals.

On imports, the statement indicated that Qatar’s imports last month exceeded 10.9 billion riyals, an annual increase of 11.7%.

The group of “jet turbines and propeller turbines, other gas turbines and parts thereof”, i.e. turbines, topped the list of goods imports with 700 million riyals, an annual increase of 69.1% , followed by “cars and other vehicles designed primarily for the transportation of people” with 400 million riyals, an increase of 39.4%.

The United States ranked first among the countries of origin of Qatar’s imports in November, with about two billion riyals, then China with 1.6 billion riyals, followed by India with 600 million riyals.

The United States ranked first among the countries of origin of Qatar’s imports in November, with about two billion riyals, followed by China with 1.6 billion riyals.

It should be noted that the consumer price index, which measures inflation in Qatar, rose last November by about 5.30% on an annual basis, reaching 106.86 points, and recorded an increase monthly 1.36%, due to the increase of seven groups, including housing, water and entertainment, out of 12 main groups. Of consumer goods, 737 goods and services fall into it.

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