Qatar's Trade Balance Increased by 194 percent

  • Doha, State of Qatar
  • 3 June 2021
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The Merchandise Trade Balance in Qatar recorded, during the month of April, a surplus of 12.8 billion riyals (3.5 billion dollars), an increase on an annual basis of 8.4 billion riyals, or 194.1 percent, while it decreased by 400 million riyals, or 3.0 percent on a monthly basis.

According to the foreign trade statistics report for the month of April, issued by the Qatar Planning and Statistics Authority, the value of Qatari exports, which includes exports of local origin and re-exports, increased by 77.1 percent and amounted to about 21 billion riyals on an annual basis, while it decreased by 5 percent compared to last March.

Japan topped the destination countries for Qatar's exports in April, with 2.8 billion riyals, or 13.4 percent, followed by China with 2.76 billion riyals, or 13.2 percent, and India with 2.7 billion Qatari riyals, or 12.7 percent.

As for the countries of origin, China ranked first in the countries of origin for Qatar's imports with 1.1 billion riyals, or 13.4 percent, then the United States with a value of 1.08 billion riyals, or 13.3 percent, followed by India with 7.4 percent, with a value of 600 million riyals.

Source (Al-Araby Al-Jadeed Newspaper, Edited)