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FINANCIAL NEWS
Qatar’s foreign trade surplus down to USD11.87b in Q2
06 Oct 2015
(MENAFN) Qatar’s foreign trade surplus more than halved to USD11.87 billion in the second quarter but fast-growing Asia was the largest contributor with the region accounting for 98.4 percent of the total.
The country’s total exports had plunged 39.3 percent to USD19.92 billion; while imports surged 10.3 percent to USD8.05 billion, the Ministry of Development Planning and Statistics’ figures revealed.
The European Union (EU) accounted for 0.4 percent of Qatar’s foreign merchandise trade surplus, followed by the Gulf Co-operation Council (GCC), the figures showed.
Shrinkage in total exports was mainly on lower shipments of mineral fuels, lubricants and related materials and manufactured goods; even as those of chemical and related products were on the rise.
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