The Qatari Planning and Statistics Authority revealed that the merchandise trade balance in the State of Qatar achieved a surplus of 13.6 billion riyals in February, up by 1.1 billion Qatari riyals, which was 9.0% compared to January 2020, but in contrast it recorded a decrease of 3.0% compared to the corresponding month of last year.
According to the data of foreign trade issued by the Planning Authority, the value of total Qatari exports (which includes exports of local origin and re-export) amounted to approximately 21.3 billion Qatari riyals, a decrease of 5.2% compared to February 2019, and a decrease of 4.6% compared to January 2020.
On the other hand, the value of merchandise imports decreased during February 2020, to reach about 7.7 billion Qatari riyals, a decrease of 8.9% compared to February 2019, and a decrease of 21.7% compared to January 2020. While the total value of Qatari exports that include Exports of local origin and re-exports, last February, amounted to approximately 21.3 billion riyals, with an annual decrease (compared to February 2019) of 5.2%, and decreased by 4.6% on a monthly basis (compared to January 2020), in parallel with the decrease in the value of merchandise imports by about 8.9% on an annual basis and 21.7% on a monthly basis to reach about 7.7 billion riyals.
Source (Al-Raya Newspaper-Qatar, Edited)