Qatar's trade balance surplus rose during the month of July by about 78 percent on an annual basis.
According to the Planning and Statistics Authority, Qatar recorded a surplus in its trade balance last month, amounting to 34.77 billion Qatari riyals ($9.62 billion), compared to 19.53 billion riyals ($5.4 billion) in July 2021.
Qatar's trade surplus supported the country's exports increase in July by 61.9 percent to 44.36 billion riyals, compared to 27.4 billion riyals in the same month last year. The value of exports of "oil gases and other gaseous hydrocarbons", which represent (liquefied natural gas, condensate, propane, and butane), increased by 90.3 percent to reach about 30.6 billion riyals.
In terms of exports by main destination countries, India took the lead with a value of approximately 5.7 billion riyals, or 12.8 percent of the total value of Qatari exports, followed by Japan with 5.12 billion riyals, or 11.55 percent, and then South Korea with 5.08 billion riyals and by 11.46 percent. At the level of imports, the Qatari market received 9.59 billion riyals in imports, compared to 7.87 billion riyals in July 2021, a growth of 21.8 percent.
Source (Al-Rai Kuwaiti Newspaper, Edited)
