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Qatar’s trade balance surplus rises to $ 10 billion

Trade surplus increased 89.9% year-over-year (AFP)

Reach trade balance of goods country DiameterWhich represents the difference between total exports and imports, in September, a surplus of 89.9%, to 36.3 billion riyals (about 10 billion dollars), compared to the same month in 2021, and increased by 0.1%, to 100 million riyals, compared to Con last August.

According to the September foreign trade report issued by the Qatar Planning and Statistics Authority, today, Sunday, the value of Qatar’s exports, which includes locally sourced exports and re-exports, increased by 70.6% to 47.6 billion riyals. on an annual basis, and grew 1.7% on a monthly basis.

The value of merchandise imports also increased to about 11.3 billion riyals, at a rate of 28.6% per annum, and grew 7% per month.

The annual comparison revealed an increase in exports of “petroleum gas and other gaseous hydrocarbons”, to reach about 35.4 billion riyals, or 104.2%, and the value of “petroleum oils and mineral raw materials bituminous “rose by 34.3% to almost 4.8 billion riyals and exports of” petroleum oils and oils “increased. , 8%.

China ranked first in destination countries, as regards exports from Qatar in September, with 7 billion riyals, or 14.6%, followed by South Korea with 5.7 billion riyals, or 12 billion. %, and from India with 5.1 billion riyals, or 10.6%.

In terms of imports, China also ranked first in the countries of origin for imports from Qatar with 1.64 billion riyals, then the United States with 1.63 billion riyals, followed by Turkey with 900 million riyals.

It should be noted that the inflation rate in Qatar last September rose on an annual basis to 6.03%, driven by the increase in prices in the entertainment and energy sectors, and grew by 1.22% compared to August.

(dollar = 3.64 Qatari riyal)

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