The Trade Balance Surplus of the State of Qatar jumped last November by 6.7 percent to 26.17 billion riyals ($7.1 billion), compared to 24.52 billion riyals in the same month of 2021. While the surplus increased on a monthly basis by about 4.3 percent, due to a decline in the country's imports by 15.5 percent, with exports declining by 2.4 percent.
According to the Qatar Planning and Statistics Authority, the trade surplus supported an increase in total exports by about 8.1 percent, to reach 37 billion riyals, compared to its level in the same month last year, which amounted to 34.28 billion riyals.
Exports of "oil gases and other gaseous hydrocarbons" rose 10.3 percent annually, to reach 24.7 billion riyals, and exports of "oil oils and continental mineral raw materials" increased by 283 percent, at 5.2 billion riyals. While exports of "petroleum oils and oils obtained from non-crude bituminous mineral materials" decreased by 5.9 percent to reach 2.7 billion riyals.
China took the lead in countries that received Qatar's exports worth 7 billion riyals, followed by India with 4.3 billion riyals, then South Korea with 4 billion riyals. The United States ranked first in the countries of origin for Qatar’s imports during November, with about two billion riyals, then China with 1.6 billion riyals, followed by India with 600 million riyals.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
