PHOTO
27 December 2016
Qatar’s foreign merchandise trade surplus in November 2016, which represents the difference between total exports and imports of goods, stood at QR9.6bn, showing a year-on-year decrease of about QR800m, or 8 percent, compared to the corresponding month last year, preliminary data released by the Ministry of Development Planning and Statistics show.
However, when compared on monthly basis, the trade surplus in November 2016 has increased by nearly QR1.9bn, or 25.0 percent, compared to October 2016. In November 2016, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR18.7bn, showing a decrease of 10.1 percent compared to November 2015. The value of exports in November decreased marginally by 0.1 percent compared to October 2016. The total value of imports of goods in November 2016 amounted to around QR 9bn, showing a decrease of 12.2 percent over November 2015. However, on a month-on-month basis the imports decreased by 17.7 percent.
The year-on-year decrease in total exports was attributed to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, among others) reaching about QR11.6bn in November 2016, a decrease of 12.2 percent, while increase was shown in Petroleum oils & oils from bituminous minerals (crude) reaching about QR2.9bn, increased by 8.6 percent, as well as the Petroleum oils & oils from bituminous minerals (not crude) reaching QR900m, increased by 4.5 percent.
In November 2016, Japan was at the top of the countries of destination of Qatar’s exports with nearly QR3.6bn, a share of 19.1 percent of total exports, followed by South Korea with about QR3.1bn and a share of 16.5 percent, India with about QR 2.4bn, a share of 12.7 percent.
During November 2016, Motor cars and other passenger vehicles, was on top of the imported group of commodities, with QR800m, showing a decrease of 19.4 percent compared to November 2015. In second place was Turbojets, turbo propellers & other gas turbines; parts Thereof.
with QR400m, showing an increase by 179.6 percent, and in third place was Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof. with QR200m, decreased of 25.7 percent. In November 2016, Germany was the leading country of origin of Qatar’s imports with about QR1.1bn, a share of 11.9 percent of the imports, followed by the US with QR900m almost, a share of 10.3 percent, and China with QR900m, a share of 10 percent.
Qatar’s foreign merchandise trade surplus in November 2016, which represents the difference between total exports and imports of goods, stood at QR9.6bn, showing a year-on-year decrease of about QR800m, or 8 percent, compared to the corresponding month last year, preliminary data released by the Ministry of Development Planning and Statistics show.
However, when compared on monthly basis, the trade surplus in November 2016 has increased by nearly QR1.9bn, or 25.0 percent, compared to October 2016. In November 2016, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR18.7bn, showing a decrease of 10.1 percent compared to November 2015. The value of exports in November decreased marginally by 0.1 percent compared to October 2016. The total value of imports of goods in November 2016 amounted to around QR 9bn, showing a decrease of 12.2 percent over November 2015. However, on a month-on-month basis the imports decreased by 17.7 percent.
The year-on-year decrease in total exports was attributed to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, among others) reaching about QR11.6bn in November 2016, a decrease of 12.2 percent, while increase was shown in Petroleum oils & oils from bituminous minerals (crude) reaching about QR2.9bn, increased by 8.6 percent, as well as the Petroleum oils & oils from bituminous minerals (not crude) reaching QR900m, increased by 4.5 percent.
In November 2016, Japan was at the top of the countries of destination of Qatar’s exports with nearly QR3.6bn, a share of 19.1 percent of total exports, followed by South Korea with about QR3.1bn and a share of 16.5 percent, India with about QR 2.4bn, a share of 12.7 percent.
During November 2016, Motor cars and other passenger vehicles, was on top of the imported group of commodities, with QR800m, showing a decrease of 19.4 percent compared to November 2015. In second place was Turbojets, turbo propellers & other gas turbines; parts Thereof.
with QR400m, showing an increase by 179.6 percent, and in third place was Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof. with QR200m, decreased of 25.7 percent. In November 2016, Germany was the leading country of origin of Qatar’s imports with about QR1.1bn, a share of 11.9 percent of the imports, followed by the US with QR900m almost, a share of 10.3 percent, and China with QR900m, a share of 10 percent.
© The Peninsula 2016
