The surplus of Qatar’s trade balance, at the end of last March, rose by 72.7 percent on an annual basis, to 13.18 billion riyals ($ 3.6 billion) from 7.63 billion riyals ($ 2.1 billion) compared to March 2020.
Data issued by the Qatar Planning and Statistics Authority showed that the total value of Qatari exports (oil and non-oil) increased during the past month by 38.2 percent on an annual basis, and grew 7 percent on a monthly basis, to 22.06 billion riyals (6.06 billion dollars). While the total value of imports increased by 6.7 percent in March on an annual basis, and by 20.1 percent on a monthly basis, to 8.88 billion riyals.
Japan topped the Qatari export markets with a value of 3.42 billion riyals, while China topped the list of countries supplying the Qatari market with a value of 1.17 billion riyals.
Qatari exports declined in March of last year due to the global outbreak of the Corona virus and disruption of supply chains around the world, accompanied by a decline in global consumption demand, especially traditional energy sources (oil and gas).
Source (Al-Araby Al-Jadeed Newspaper, Edited)
