Doha: Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR24.5bn in November 2021, showing an increase of about QR15.5bn or 170.6 percent compared to November 2020. When compared month-on-month (M-o-M), the surplus increased by nearly QR3.3bn or 15.8 percent compared to October 2021, according to preliminary figures released by the Planning and Statistics Authority (PSA) yesterday.
In November 2021, the total exports of goods including exports of goods of domestic origin and re-exports amounted to around QR34.3bn, showing an increase of 106.6 percent compared to November 2020, and an increase of 13.9 percent compared to October 2021.
On other hand, the imports of goods in November 2021 amounted to around QR9.8bn, showing an increase of 29.6 percent compared to November 2020, and an increase of 9.6 percent compared to October 2021.
The year-on-year (November 2021 vs. November 2020) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, and others) reaching QR22.4bn approximately in November 2021, increased by 135.1 percent, Petroleum oils & oils from bituminous minerals (crude) reaching QR4.1bn nearly, increased by 62.4 percent, and Petroleum oils & oils from bituminous minerals (not crude) reaching QR2.9bn, increased by 107.8 percent.
In November 2021, China was at the top of the countries of destination of Qatar’s exports with close to QR5.1bn, a share of 14.8 percent of total exports, followed by Japan with almost QR4.5bn and a share of 13.1 percent, and South Korea with about QR3.6bn, a share of 10.4 percent.
During November 2021, the group of “Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof” was at the top of the imported group of commodities, with QR400m, showing a decrease of 1.9 percent. In second place was “Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets and others; Parts Thereof” with QR330m, showing an increase of 13.0 percent, and in third place was “Motor Cars & Other Motor Vehicles for The Transport of Persons” with QR300m, a decrease of 1.4 percent.
In November 2021, China was the leading country of origin of Qatar’s imports with about QR1.8bn, a share of 18.8 percent of the imports, followed by the United States of America with QR1.1bn almost, a share of 11.2 percent, and Germany with QR700m, a share of 7.2 percent.
