Doha – Mubasher: Qatar’s trade balance surplus surged 41.7% year-on-year to reach QAR 10.7 billion ($2.91 billion) in May 2017, according to the Ministry of Development Planning and Statistics.
Month-on-month, Qatar’s trade balance surplus rose 9.2%, the statement added.
In May, the total value of exports grew 18.4% to reach QAR 20.2 billion, growing 7.6% on a monthly basis.
On the other hand, Qatari imports reached QAR 9.5 billion, declining 0.3% from the year-ago period, while increasing 5.8% from April 2017.
The export value of liquefied natural gas (LNG), butane, propane, and condensates increased 21.6%, reaching QAR 12 billion in May 2017.
Japan topped the list of Qatar’s export destinations with QAR 3.2 billion, acquiring 15.9% of its total exports, followed by South Korea with QAR 2.9 billion, acquiring 14.3%, and Singapore with QAR 2.3 billion, acquiring 11.2%.
About 11% of Qatar’s imports came from Germany, while 10.4% came from China, and 10.3% from the US.
