FINANCIAL NEWS

Qatar’s foreign trade surplus at USD9 b in Sept.

12 Nov 2013

(MENAFN) Preliminary data from the Qatari Ministry of Development, Planning and Statistics showed a 0.9 percent growth in the trade surplus in the country, rising to USD9 billion, reported by The Peninsula Qatar.

In September 2013, total exports of goods (both goods of domestic origin and re-exports revenues came at USD11.4 billion, and the value of imports stood at USD2.4 billion. The value of total exports increased by 3 percent and the value of imports soared by 11.4 percent, compared to the corresponding period last year.

Total exports increase was mainly from petroleum gases and other gaseous hydrocarbons which showed a rise of 4.2 percent compared to September 2012, followed by petroleum oils and oils from bituminous minerals (crude), and petroleum oils and oils from bituminous minerals (not crude), which showed an increase of 3.3 and 1.2 percent respectively.

The main destinations of exports were Japan with a share of 28 percent of total exports, South Korea with 18 percent, and India with a nine percent share of total exports.

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