The data released by the Ministry of Planning and Statistics showed that Qatar’s merchandise trade balance surplus increased by 200.6% on an annual basis during last October, with the continuation of record growth in the value of exports, improvement in economic conditions and recovery from the Corona pandemic.
Last month, Qatar's trade balance (the difference between total exports and imports) recorded a surplus of 21.18 billion riyals ($5.85 billion). The improvement in Qatar's trade surplus reflects the recovery of the economy and the improvement in global demand for natural gas, which is witnessing record price hikes.
On a monthly basis, Qatar's trade surplus increased by 10.9 percent, from 19.1 billion riyals ($5.3 billion) in September. The data showed an increase in Qatari exports last month by 96.4 percent to 30.09 billion riyals ($ 8.3 billion), from 27.898 billion riyals (7.71 billion dollars) in the similar month of last year.
As for Qatari imports, the data showed an increase of 7.6 percent on an annual basis during last October to 8.9 billion riyals ($2.45 billion), from 8.27 billion riyals ($2.28 billion) in the corresponding month of 2020.
Source (The New Arab Newspaper, Edited)
