Faster expansion in the exports of natural gas and crude helped Qatar report a 78% increase in trade surplus on an annualised basis in July 2022, according to official data.
The rebound in the country's merchandise trade surplus has been enabled by robust jump in exports to Asian countries and Belgium during the period in review, according to figures released by the Planning and Statistics Authority.
The country's trade surplus showed a 15.3% month-on-month jump in July 2022.
The country's total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR44.4bn, showing a stupendous 61.9% and 12.4% surge year-on-year and month-on-month respectively in the review period.
In May 2022, Qatar's shipments to India were valued at QR5.68bn or 12.8% of the total exports of the country, followed by Japan QR5.12bn (11.55%), South Korea QR5.08bn (11.46%), China QR3.75bn (8.4%) and Belgium QR3.53bn (8%).
On a yearly basis, Qatar's exports to Belgium grew more than 75-fold; those to India zoomed 68.54%, Japan by 31.96% and South Korea by 30.93%; while those to China declined 13.59% at the end of July 2022.
On a monthly basis, Qatar's exports to Belgium witnessed a 76.25% surge, those to India shot up 35.24%, Japan by 29.95% and South Korea by 22.41%; whereas those to China shrank 37.5% in the review period.
The exports of petroleum gases surged 90.3% on an annualised basis to QR30.57bn, crude by 35% to QR6bn, other commodities by 19.7% to QR3.96bn and non-crude by 1.7% to QR2.94bn this July.
On a monthly basis, the exports of petroleum gases were seen expanding 31%; while those of non-crude tanked 30%, other commodities by 13.9% and crude by 7.5% in July 2022.
Petroleum gases constituted 70.34% of the exports of domestic products this July compared to 60.15% a year ago period; followed by crude 13.81% (16.67%), other commodities 6.76% (12.36%) and non-crude 6.76% (10.82%).
Qatar's total imports (valued at cost insurance and freight) amounted to QR9.59bn, which strengthened 21.8% and 2.9% on yearly and monthly basis respectively in July 2022.
The country's imports from China stood at QR1.66bn, which accounted for 17.3% of the total imports; followed by the US QR1.6bn (16.7%), India QR0.6bn (6.2%), Italy QR0.56bn (5.8%) and Turkiye QR0.55bn (5.8%) at the end of July this year.
On a yearly basis, Qatar's imports from Turkiye more than doubled; those from the US shot up 78.29%, Italy by 50.4%, China by 26.95% and India by 21.14% in July 2022.
On a monthly basis, the country's imports from Turkiye surged 87.4%, US by 35.68%, China by 4.46% and Italy by 0.18%; whereas those from India declined 4.33% in the review period.
In July 2022, the group "Turbojets, Turbo propellers and Other Gas Turbines; Parts Thereof" was at the top of the imported group of commodities, with QR0.8bn, showing an increase of 26.3% on an annualised basis.
In second place was "Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets; parts thereof" with QR0.33bn, showing an increase of 49.8%.
In the third place was "Motor Cars and Other Motor Vehicles for The Transport of Persons" with QR0.32bn, an increase of 12.5%.
The rebound in the country's merchandise trade surplus has been enabled by robust jump in exports to Asian countries and Belgium during the period in review, according to figures released by the Planning and Statistics Authority.
The country's trade surplus showed a 15.3% month-on-month jump in July 2022.
The country's total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR44.4bn, showing a stupendous 61.9% and 12.4% surge year-on-year and month-on-month respectively in the review period.
In May 2022, Qatar's shipments to India were valued at QR5.68bn or 12.8% of the total exports of the country, followed by Japan QR5.12bn (11.55%), South Korea QR5.08bn (11.46%), China QR3.75bn (8.4%) and Belgium QR3.53bn (8%).
On a yearly basis, Qatar's exports to Belgium grew more than 75-fold; those to India zoomed 68.54%, Japan by 31.96% and South Korea by 30.93%; while those to China declined 13.59% at the end of July 2022.
On a monthly basis, Qatar's exports to Belgium witnessed a 76.25% surge, those to India shot up 35.24%, Japan by 29.95% and South Korea by 22.41%; whereas those to China shrank 37.5% in the review period.
The exports of petroleum gases surged 90.3% on an annualised basis to QR30.57bn, crude by 35% to QR6bn, other commodities by 19.7% to QR3.96bn and non-crude by 1.7% to QR2.94bn this July.
On a monthly basis, the exports of petroleum gases were seen expanding 31%; while those of non-crude tanked 30%, other commodities by 13.9% and crude by 7.5% in July 2022.
Petroleum gases constituted 70.34% of the exports of domestic products this July compared to 60.15% a year ago period; followed by crude 13.81% (16.67%), other commodities 6.76% (12.36%) and non-crude 6.76% (10.82%).
Qatar's total imports (valued at cost insurance and freight) amounted to QR9.59bn, which strengthened 21.8% and 2.9% on yearly and monthly basis respectively in July 2022.
The country's imports from China stood at QR1.66bn, which accounted for 17.3% of the total imports; followed by the US QR1.6bn (16.7%), India QR0.6bn (6.2%), Italy QR0.56bn (5.8%) and Turkiye QR0.55bn (5.8%) at the end of July this year.
On a yearly basis, Qatar's imports from Turkiye more than doubled; those from the US shot up 78.29%, Italy by 50.4%, China by 26.95% and India by 21.14% in July 2022.
On a monthly basis, the country's imports from Turkiye surged 87.4%, US by 35.68%, China by 4.46% and Italy by 0.18%; whereas those from India declined 4.33% in the review period.
In July 2022, the group "Turbojets, Turbo propellers and Other Gas Turbines; Parts Thereof" was at the top of the imported group of commodities, with QR0.8bn, showing an increase of 26.3% on an annualised basis.
In second place was "Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets; parts thereof" with QR0.33bn, showing an increase of 49.8%.
In the third place was "Motor Cars and Other Motor Vehicles for The Transport of Persons" with QR0.32bn, an increase of 12.5%.
