Qatar's merchandise trade balance surplus jumped by 211.4 percent in May on an annual basis, and recorded a monthly increase of 29.9 percent compared to April of this year.
According to Qatar Planning and Statistics Authority, the trade balance surplus in May amounted to 16.6 billion riyals ($4.54 billion), an increase of 11.3 billion riyals over the same month last year, and about 3.8 billion riyals from April of this year.
The value of the total Qatari exports rose to about 24.9 billion riyals, an increase of 87.8 percent on an annual basis and 18.9 percent on a monthly basis. On the other hand, the value of merchandise imports rose to about 8.3 billion riyals, an increase of 4.7 percent on an annual basis and 1.7 percent on a monthly basis.
China topped the countries of destination for Qatar's exports, followed by Japan, then South Korea, while China also topped the countries of origin for Qatar's imports during May, followed by the United States, then Germany.
Source (The New Arab Newspaper, Edited)
