The merchandise trade balance of the State of Qatar achieved a surplus of 199.2% during the month of September compared to August, and amounted to 19.3 billion riyals ($5.3 billion), a monthly increase of 12.8 billion riyals, and an annual increase of more than 100 million riyals.
The report of the Qatari Planning and Statistics Authority showed an increase in the value of Qatari exports, which include exports of local origin and re-exports, by 108.9 percent to about 28 billion riyals, on an annual basis, while it increased by 2.8 percent compared to last August. The value of merchandise imports jumped to reach about 8.8 billion riyals, an increase of about 25.7 percent on an annual basis, and about 8.5 percent on a monthly basis.
The reasons for the high surplus are due to the increase in the value of Qatar’s exports of gas, oil and related products, in addition to the growth of exports as a result of improving economic conditions and increasing demand for Qatari energy products, with many countries lifting the restrictions imposed by the Corona pandemic.
Source (The New Arab Newspaper, Edited)
