Doha: Qatar recorded a merchandise trade surplus (difference between total exports and imports) of QR57.8bn in the third quarter (Q3) of this year compared to QR19.6bn in Q3 of previous year.
The Planning and Statistics Authority (PSA) yesterday released “Quarterly Foreign Merchandise Trade Statistics, Q3 2021 State of Qatar”, comprising quarterly data on imports, exports, re-exports, and trade balance.
During Q3 2021, Asia was the principal destination of Qatar’s exports and the first origin of Qatar’s imports, representing 73.5 percent and 41.6 percent respectively, followed by the European Union, accounting for 10.2 percent and 31.1 percent respectively, and GCC, with 9.6 percent and 3.4 percent respectively.
In Q3 2021, the value of Qatar’s total exports (including exports of domestic goods and re-exports) amounted to QR82.6bn, increased by QR41.5bn (101 percent) compared to Q3 2020 which amounted total exports of QR41.1bn. And increased by nearly QR11.7bn or 16.5 percent compared to Q2 2021. (Tables 1, 2)
The Q3 2021 year on year (Y-o-Y) increase in total exports was mainly due to higher exports of Mineral fuels, lubricants and related materials by QR36.6bn (108.8 percent), Chemicals and Related Products n.e.s. by QR3.3bn (74.7 percent), Machinery and Transport Equipment by QR0.7bn (62.1 percent), Manufactured Goods Classified Chiefly by Material QR0.7bn (60.8 percent).
