The surplus of the Qatari trade balance increased by the end of the first nine months of this year by 109 percent on an annual basis to about 144 billion riyals, supported by the increase in crude oil and natural gas exports. According to the data of the Qatar Planning and Statistics Authority, the record rise in the foreign trade surplus of Qatar at the end of September 2021 supported the increase in the value of exports by 57 percent to reach 217.4 billion riyals, driven by the increase in the value of exports of mineral fuels, lubricants and similar materials, in return of the growth of imports’ bill which increased by 5.6 percent to reach 73.6 billion riyals.
Asian countries ranked first for the countries of destination for Qatari exports, as well as for the countries of origin for Qatari imports, followed by the European Union, then the Gulf Cooperation Council countries.
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 (CNBC Arabic Website, Edited)
