DOHA: Qatar’s foreign merchandise trade surplus (the difference between total exports and imports) stood at QR7.4bn in February 2016, showing rise of 3 percent or QR0.2bn compared to January same year.
According to preliminary figures released yesterday by the Ministry of Development Planning and Statistics, the surplus has shown a decline of 53.5 percent compared to February last year.
The year on year (February 2016 to February 2015) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons.
The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR17bn in February this year, showing a decrease of 32.5 percent compared to February 2015. Total exports decreased by 4.8 percent compared to January 2016.
The imports of goods in February 2016 amounted to QR9.6bn, showing a increase of 3.5 percent over February last year. However, on a month on month (M-o-M) basis the imports decreased by 10.1 percent.
The year on year decline in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons such as LNG, condensates, propane, butane, etc. that reached QR10.4bn in February 2016, a decrease of 41.2 percent. Petroleum oils & oils from bituminous minerals (crude) was QR2.2bn, showing a fall of 31.5 percent. Petroleum oils & oils from bituminous minerals (not crude) reached QR0.7bn, reflecting a decline of 34.5 percent.
Japan was at the top of the countries of destination of Qatar’s exports with QR2.9bn in February 2016, a share of 17.2 percent of total exports, followed by and South Korea with QR2.7bn and a share of 15.7 percent and India with QR2.3bn, a share of 13.6 percent.
During February 2016, Motor cars & other passenger vehicles., was at the top of the imported group of commodities, with QR0.8bn, showing a decrease of 0.1 percent compared to February last year. In second place was parts of aircraft and helicopters etc with QR0.6bn, showing an increase of 47.9 percent and in third place was Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets etc parts thereof with QR0.2bn, decreased by 9.7 percent.
US was the leading country of origin of Qatar’s imports with QR1.2bn in February 2016, a share of 12.1 percent of the imports, followed by China with QR1bn, a share of 10.3 percent and United Arab Emirates with QR0.9bn, a share of 9.4 percent.The Peninsula
DOHA: Qatar’s foreign merchandise trade surplus (the difference between total exports and imports) stood at QR7.4bn in February 2016, showing rise of 3 percent or QR0.2bn compared to January same year.
According to preliminary figures released yesterday by the Ministry of Development Planning and Statistics, the surplus has shown a decline of 53.5 percent compared to February last year.
The year on year (February 2016 to February 2015) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons.
The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR17bn in February this year, showing a decrease of 32.5 percent compared to February 2015. Total exports decreased by 4.8 percent compared to January 2016.
The imports of goods in February 2016 amounted to QR9.6bn, showing a increase of 3.5 percent over February last year. However, on a month on month (M-o-M) basis the imports decreased by 10.1 percent.
The year on year decline in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons such as LNG, condensates, propane, butane, etc. that reached QR10.4bn in February 2016, a decrease of 41.2 percent. Petroleum oils & oils from bituminous minerals (crude) was QR2.2bn, showing a fall of 31.5 percent. Petroleum oils & oils from bituminous minerals (not crude) reached QR0.7bn, reflecting a decline of 34.5 percent.
Japan was at the top of the countries of destination of Qatar’s exports with QR2.9bn in February 2016, a share of 17.2 percent of total exports, followed by and South Korea with QR2.7bn and a share of 15.7 percent and India with QR2.3bn, a share of 13.6 percent.
During February 2016, Motor cars & other passenger vehicles., was at the top of the imported group of commodities, with QR0.8bn, showing a decrease of 0.1 percent compared to February last year. In second place was parts of aircraft and helicopters etc with QR0.6bn, showing an increase of 47.9 percent and in third place was Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets etc parts thereof with QR0.2bn, decreased by 9.7 percent.
US was the leading country of origin of Qatar’s imports with QR1.2bn in February 2016, a share of 12.1 percent of the imports, followed by China with QR1bn, a share of 10.3 percent and United Arab Emirates with QR0.9bn, a share of 9.4 percent.The Peninsula
