Tuesday, April 23, 2024
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Tuesday, April 23, 2024
Today's News

Qatar trade surplus hits $5.9bn, China leads exports and US top importer

Qatar trade surplus hits $5.9bn, China leads exports and US top importer

International product profession equilibrium in Qatar sees massive excess

Qatar’s international product profession equilibrium showed a QR21.3 bn ($ 5.9 bn) excess in March 2023.

The figure, which represents the distinction in between total exports as well as imports, revealed a decrease of about QR5.2 bn or 19.6 per cent compared to March 2022, and a reduction of virtually QR1.6 bn or 7.2 percent contrasted to the month before.

The information of the Planning and Statistics Authority showed that the total exports of products (consisting of exports of items of domestic origin and re-exports) totaled up to around QR30.9 bn ($ 8.5 bn), showing a decrease of 15 percent contrasted to March 2022, and also decline of 0.6 per cent contrasted to February 2023.

Qatar trade surplus

On other hand, the imports of goods in March 2023 amounted to around QR9.6 bn ($2.6 bn), revealing a reduction of 4.6 percent compared to March 2022. and also rise of 18.1 per cent contrasted to February 2023.

The year on year decrease in overall exports was generally as a result of reduced exports of oil gases as well as other aeriform hydrocarbons (LNG, condensates, propane, butane, etc) getting to QR 19bn (approximately) in March 2023,.

In March 2023, China went to the top of the nations of location of Qatar’s exports, with near to QR6.4 bn, a share of 20.7 percent of complete exports, adhered to by South Korea with nearly QR4.9 bn and a share of 15.8 per cent, and India with about QR3.6 bn, a share of 11.6 percent.


In March 2023, the US was the prominent native land of Qatar’s imports with concerning QR1.8 bn, a share of 19.3 percent of the imports, complied with by China with QR1.2 bn virtually, a share of 12.1 percent, and also India with QR600m, a share of 6.3 per cent.

Last Updated: 28 April 2023

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