According to official data released by the Ministry of Planning and Statistics, the commodity trade balance surplus of the State of Qatar in May rose by 3.5 percent on a monthly basis.
The balance of trade in Qatar (the difference between total exports and imports) in May registered a surplus of 13.56 billion riyals ($3.7 billion). While the surplus in the Qatari trade balance was 13.1 billion riyals ($3.6 billion) in April 2019.
On a year-on-year basis, the trade surplus declined by 8.9 percent last month, from 14.88 billion riyals ($4.13 billion) in May 2018.
According to the same source, the Qatari exports rose 2.9 percent to 22.75 billion riyals ($6.3 billion) from 22.11 billion riyals ($6.1 billion) in April.
The trade balance showed that imports rose 2.2% in May to 9.197 billion riyals ($2.6 billion) from 9.01 billion riyals ($2.5 billion) the previous month. The value of commodity imports declined during the month of May to reach about 9.2 billion riyals, a decrease of 7.6% compared to the same month of 2018, and rose 2.1% compared to the month of April.
Source: Al-Arabi Al-Jadeed newspaper, Edited
