The trade balance of the State of Qatar achieved a surplus of 68.7 billion riyals during the first nine months of this year, with expectations of achieving a trade surplus estimated at 90 billion riyals during 2020.
According to the data issued by the Planning and Statistics Authority, the total value of exports in nine months amounted to about 138.3 billion riyals, while the total imports in the first nine months of 2020 amounted to about 69.7 billion riyals. The data revealed that the trade surplus recorded an increase of 26.4% during the third quarter of this year to reach 19.6 billion riyals compared to 15.5 billion riyals in the previous quarter, and exports increased by 8.4% to reach 41 billion riyals compared to about 37.8 billion riyals in the second quarter of the current year, while the value of imports decreased by 3.55 to reach 21.5 billion riyals, compared to 22.5 billion riyals during the previous quarter.
According to the planning authority data, Qatar has continued to achieve a trade surplus since the beginning of this year, despite the repercussions caused by the Corona pandemic, as Qatari exports recorded a continuous upsurge and rise, Qatari imports also continued to grow in the context of providing the necessary machinery and equipment to implement infrastructure projects and the World Cup, in addition to providing the goods and equipment needed by factories to develop the products that enable them to achieve self-sufficiency.
Source (Al-Raya Qatari newspaper, Edited)
