Qatar's total exports in August 2014 reached QAR40.8 billion, an increase by 0.3% percent compared to the same month in 2013, according to preliminary data released by the Ministry of Development Planning and Statistics.
The total exports include goods of domestic origin and re-exports.
In August 2014, Qatar imported goods worth QAR 9.3 billion, an increase by 17.5% compared to the same month last year.
The trade balance - the difference between total exports and imports - shows a surplus of QAR 31.5 billion. This is a decrease of QAR 1.3 billion or 3.9% compared to August 2013.
The year-on-year (August 2014 to August 2013) rise in total exports is mainly due to higher export of 'Other Groups of Commodities' such as polymers of ethylene in primary forms, unwrought aluminum, acyclic hydrocarbons, reaching QAR 5.3 billion in August 2014. This is an increase by 29.2% compared to August 2013. Re-exports reached QAR 0.7 billion (105.3 %).
The increase in total exports is partially offset by the drop in exports of petroleum, gases and other hydrocarbons (LNG, condensates, propane and butane. These reached QAR 26.2 billion in August 2014, a decrease by 0.7% compared to August 2013.
Petroleum oils and oils from bituminous minerals (not crude) reached QAR 2.1 billion (11.6%), and petroleum oils and oils from bituminous minerals (crude) reached QAR 6.6 billion (12.8%).
In August 2014, Japan was the top destination of exports from Qatar with QAR 10.1 billion, a share of 24.8% of total exports. South Korea came next with QAR 6 billion (14.8%) followed by India with QAR 5.6 billion (13.6%).
Cars and other automobiles were at the top of the imports with QAR 0.8 billion, an increase by 9.6% compared to August 2013.
Insulated wires, cables, coaxial cables, optical fiber cables came next with QAR 0.2 billion, an increase by 82% while electrical apparatus for fixed line telephony/telegraphy, telephone sets and other parts amounted to QAR 0.2 billion, up by 22.7%.
China was the main country of origin with QAR 1.1 billion, a share of 11.8% of the imports, followed by UAE with QAR 0.8 billion (8.3%), and USA with QAR 0.7 billion (8.0%).
The total exports include goods of domestic origin and re-exports.
In August 2014, Qatar imported goods worth QAR 9.3 billion, an increase by 17.5% compared to the same month last year.
The trade balance - the difference between total exports and imports - shows a surplus of QAR 31.5 billion. This is a decrease of QAR 1.3 billion or 3.9% compared to August 2013.
The year-on-year (August 2014 to August 2013) rise in total exports is mainly due to higher export of 'Other Groups of Commodities' such as polymers of ethylene in primary forms, unwrought aluminum, acyclic hydrocarbons, reaching QAR 5.3 billion in August 2014. This is an increase by 29.2% compared to August 2013. Re-exports reached QAR 0.7 billion (105.3 %).
The increase in total exports is partially offset by the drop in exports of petroleum, gases and other hydrocarbons (LNG, condensates, propane and butane. These reached QAR 26.2 billion in August 2014, a decrease by 0.7% compared to August 2013.
Petroleum oils and oils from bituminous minerals (not crude) reached QAR 2.1 billion (11.6%), and petroleum oils and oils from bituminous minerals (crude) reached QAR 6.6 billion (12.8%).
In August 2014, Japan was the top destination of exports from Qatar with QAR 10.1 billion, a share of 24.8% of total exports. South Korea came next with QAR 6 billion (14.8%) followed by India with QAR 5.6 billion (13.6%).
Cars and other automobiles were at the top of the imports with QAR 0.8 billion, an increase by 9.6% compared to August 2013.
Insulated wires, cables, coaxial cables, optical fiber cables came next with QAR 0.2 billion, an increase by 82% while electrical apparatus for fixed line telephony/telegraphy, telephone sets and other parts amounted to QAR 0.2 billion, up by 22.7%.
China was the main country of origin with QAR 1.1 billion, a share of 11.8% of the imports, followed by UAE with QAR 0.8 billion (8.3%), and USA with QAR 0.7 billion (8.0%).
Source:
Mubasher
