Qatar's trade balance reaches surplus of QR11.7bn in October
November 27 2019 09:03 PM
LNG cargo
Exports from hydrocarbons (LNG, condensates, propane, butane, among others) reached 11.9bn approximately in October 2019, down 33.4% year-on-year.

QNA/Doha

The State of Qatar's trade balance registered a surplus of QR 11.7bn in October, official data showed Wednesday. The result represented a decrease of about QR7.3bn or 38.4% compared to October 2018, and decreased by nearly QR1.2bn or 9.1% compared to September 2019.
The total value of exports was around QR20.0bn, showing a decrease of 30.3% compared to October 2018, and decreased by 1.4% compared to September 2019.
Imports were a total of QR8.4bn, which was 14.7% lower on an annual basis, and increased 11.7% on a monthly basis.
Exports from hydrocarbons (LNG, condensates, propane, butane, among others) reached 11.9bn approximately in October 2019, down 33.4% year-on-year.
Petroleum oils and oils from bituminous minerals (crude) reached QR3.5bn nearly, a decline of 23.9%. The decrease from non-crude Petroleum oils & oils from bituminous minerals was 43.8% year-on-year to QR1.4bn.
Japan was the top destination of Qatar's exports with close to QR3.1bn, a share of 15.5% of total exports, followed by India with almost QR3.1bn and a share of 15.4%, and South Korea with about QR2.6bn, a share of 12.9%. Cars and other transport vehicles were the top of the imported group, with QR0.5bn, showing an increase of 5.2% compared to October 2018.
In second place was "turbojets, turbo propellers & other gas turbines; parts thereof" with QR0.4bn, showing a decrease by 14.8%, and in third place were aircraft parts with QR0.3bn, an increase of 8.2%. The United States of America was the leading country of origin of Qatar's imports with about QR1.1bn, a share of 13.5% of the imports, followed by China with QR1.1bn almost, a share of 12.6%, and Germany with QR0.8bn, a share of 9.0%.



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