Qatar’s trade balance records USD26.49b surplus in Q4

23 Mar 2013

(MENAFN) Qatar’s national statistics agency stated that the country’s foreign trade balance posted a surplus of USD26.49 billion in 2012’s fourth quarter, slightly lower than the USD27.17 billion recorded in the third quarter, reported The Peninsula.

The agency said that in the period, exports dipped by 1.6 percent on quarterly basis to USD33 billion.

Meanwhile, imports grew to USD6.5 billion in the quarter, compared with USD6.38 billion in the previous 3-month period.

Qatar’s exports went mainly to Japan, South Korea and India, and comprised liquefied natural gas (LNG), in addition to crude oil.

On the other hand, the emirate’s imports came mainly from the US, China and Japan, and consisted of automobiles, aircraft and helicopter accessories, condensates, propane, naphtha and butane as well as low and high density polyethylene (LDPE and HDPE).

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