Doha: Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR16.7bn in June, representing an increase of about QR10.8bn or 184.2 percent compared to June 2020, and increase of nearly QR0.1bn or 0.4 percent compared to May 2021.
The Planning and Statistics Authority yesterday released preliminary figures of the value of exports of domestic goods, re-exports and imports for June 2021. The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR25bn in June 2021, showing an increase of 96.3 percent compared to June 2020, and increase of 0.3 percent compared to May 2021.
Imports of goods in June 2021 amounted to around QR8.3bn, showing an increase of 21.1 percent compared to June 2020 and increase of 0.1 percent compared to May 2021. The year on year (June 2021 to June 2020) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR14.2bn approximately in June 2021, an increase of 91.5 percent; petroleum oils and oils from bituminous minerals (crude) reaching QR4.4bn, rising by 185.8 percent; and increase in the petroleum oils & oils from bituminous minerals (not crude) reaching QR2.3bn, increasing by 122.4 percent.
In June 2021, Japan was top destination for Qatar’s exports worth around QR3.8bn, a share of 15.3 percent of total exports, followed by China with almost QR3.3bn and a share of 13.3 percent, India with about QR3.2bn, a share of 13 percent.
China was the leading country of origin of Qatar’s imports with about QR1.3bn, a share of 15.7 percent of the imports.
It was followed by the US with almost QR1.1bn, a share of 12.6 percent, and Germany with QR0.6bn, a share of 7.6 percent.
The group of ‘Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof’ was at the top of the imported group of commodities, with QR0.7bn, showing an increase of 100.3 percent. In second place was ‘Motor Cars & Other Motor Vehicles For The Transport Of Persons’ with QR0.4bn, showing an increase of 153.9 percent and in third place was ‘Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof’ with QR0.2bn, an increase of 10.9 percent.
