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FINANCIAL NEWS
Qatari business surplus falls to USD3.3b in Sept
30 Oct 2015
(MENAFN) Qatar’s trade surplus more than halved y-o-y to USD3.3 billion in September on the back of significantly lower exports of crude and non-crude as well as natural gas, according to the compiled data.
Total fall in the country’s trade surplus points at the considerable decline in the energy prices, which is 50% lower than the 2014 levels, owing to less demand and rise in the supply from the US and other non-Opec producers.
The trade surplus of Qatar, which has now strengthened its diversification strategies to mitigate the risks from concentration in hydrocarbons, fell 11.2% from August due to shrinkage in exports of crude, non-crude and natural gas.
Meanwhile, total imports went down 7.9 percent y-o-y to USD2.4 billion in September this year on lower shipments from the US and Germany, plus it had decreased faster at 9.9 percent compared to those in August.
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