Qatar’s trade excess reaches USD4.17b in May
29 Jun 2015
(MENAFN) Qatar’s economy recorded a trade surplus of about USD4.17 billion in May driven by improved imports by 10 percent year-on-year, The Peninsula reported.
Imports for the month reached USD2.63 billion. Exports, on the other hand, decreased by a significant 38.9 percent year-on-year and went down to USD6.8 billion, according to the Ministry of Development Planning and Statistics (MDPS).
As a result, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of USD4.17 billion, the data issued by the Ministry showed.