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FINANCIAL NEWS
Qatar trade falls 58 percent in Jan to USD 1.9bn
29 Feb 2016
(MENAFN) Qatar trade reports a 58 percent drop year-on-year in trade surplus to USD 1.9bn in Jan 2016, due to lower exports, especially of petroleum gases and crude.
Moreover, the fall was due to quick decline in shipments to major Asian nations like Japan, S. Korea, India and China; while imports increased from the US.
Additionally, the precipitous fall in the nation’s trade surplus is reflective of the drop in the energy prices, which is more than 60 percent lower.
Qatar’s trade surplus shrank 17.8 percent compared to Dec 2015 due to shrinkage in the exports of crude and natural gas as well as non-crude and higher imports.
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