The surplus in the merchandise trade balance of the State of Qatar jumped by 91.3% on an annual basis, last January, driven by the growth of exports, to reach 25.9 billion riyals ($7.1 billion), while it increased by 0.8 percent on a monthly basis to 12.4 billion riyals.
According to the report of the Qatar Planning and Statistics Authority on foreign trade, the total value of exports reached 35.5 billion riyals, with an increase of 66.9 percent compared to January 2021, and a decrease of 0.2 percent compared to last December. The value of merchandise imports also increased by 24.3 percent on an annual basis, to reach about 9.6 billion riyals, while it decreased on a monthly basis by 2.8 percent.
China topped the destination countries for Qatar's exports, with a value of 6.9 billion riyals, representing 19.3 percent of the total value of Qatari exports, followed by India with 4.18 billion riyals, then South Korea with 4.16 billion riyals. China also ranked first in the countries of origin for Qatar's imports in January with a value of 2.3 billion riyals, or 24.2% of the total value of merchandise imports, then the United States with 1.1 billion riyals, followed by India with 700 million riyals.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
