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FINANCIAL NEWS
Qatar’s imports value slips 20.2% to $10.2b
12 Nov 2010
(MENAFN) Qatar’s statistics authority revealed in a statement that the country’s imports value dropped by 20.2 percent during the January-June period of 2010, to reach $10.2 billion, compared to $12.9 billion during the corresponding period of 2009, Reuters reported.
During the mentioned period, cars were the top commodity by value imported by Qatar, representing 5 percent of total import value, followed by parts and spare parts for aircraft at 4 percent. Electrical cables ranked third, representing 2.4 percent of import value.
According to data, the US was the top exporter to Qatar during both 2009 and 2010, accounting for about 11 percent of imports in both years. Whereas China came in second with 7.8 percent and 8.9 percent of total imports in 2009 and 2010 respectively.
Forecasts expect Qatar’s real GDP growth to be at 18.6 percent in the upcoming year of 2011.
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