Qatar’s commodity balance surplus falls 26% in September

Doha – Mubasher: Qatar’s commodity trade balance achieved a surplus of QAR 8.8 billion in September, with a fall of 25.8% or QAR 3.1 billion compared to the same month of 2015.

The balance's surplus rose 1.8% or QAR 0.2 billion month-on-month, according to the latest report by the Qatari Minister of Development Planning.

Qatar’s exports, including local exports and re-exports, reached QAR 17.1 billion in September, with a decline of 18.4% year-on-year and 5.2% month-on-month.

Commodity imports value retreated to about QAR 8.3 billion in September, with a decrease of 8.8% year-on-year and a fall of 11.7% month-on-month.

The value of the most important commodity exports, petroleum gases and other hydrocarbons, reached QAR 11.4 billion in September, with a 13.4% decrease year-on-year.

Japan topped the importers’ list from Qatar in September by 18.8% or QAR 3.2 billion of total imports. South Korea came second with QAR 2.6 billion or 15.1%, then India with QAR 2.3 billion or 13.7% of the total Qatari exports value.

Meanwhile, the United States of America came first on the list of exporters to Qatar on September with QAR 1 billion, representing 12.7% of the total Qatari commodity imports value.

Mubasher Contribution Time: 28-Oct-2016 13:58 (GMT)
Mubasher Last Update Time: 28-Oct-2016 13:58 (GMT)