78786
Qatar Trade Surplus Surges
Qatar Trade Surplus Surges

Qatar Trade Surplus Surges

Qatar Trade Surplus Surges

Qatar’s trade surplus expanded to QR12.8 billion ($3.52 billion) in November, a 32% jump from a year ago and 54.8% surge from the previous month, a preliminary data released by the ministry of development planning and statistics showed.
In November, the total exports of goods, including exports of goods of domestic origin and re-exports, amounted to around QR21.8 billion, an increase of 15.9% compared to November 2016, and an increase by 3.8% compared to October 2017, The Peninsula reported.
On other hand, the imports of goods in November stood at QR8.9 billion, down 2% from a year ago. On month-on-month, imports declined by 26.9%.
The year-on-year increase in total exports was mainly driven by exports of petroleum gases and other gaseous hydrocarbons like LNG, condensates, propane, butane, etc, which touched QR12.3 billion in November, reflecting an increase of 6.2%. The value of petroleum oils & oils from bituminous minerals (crude) reached nearly QR3.7 billion, up 23.5% and petroleum oils & oils from bituminous minerals (not crude) reached QR2.3 billion, a 142.8% jump.
In November, South Korea was at the top of the countries of destination of Qatar’s exports with close to QR4.2 billion, a share of 19.1% of total exports, followed by Japan with almost QR3.5 billion and a share of 16.1%, India with about QR2.7 billion, accounting for 12.3% of total exports.
The group of ‘Motor cars and other passenger vehicles’ was at the top of the imported group of commodities, with QR0.5 billion, showing a decrease of 39.2% compared to November 2016. In second place was ‘turbojets, turbo propellers and other gas turbines’ with QR0.4 billion, showing an increase by 5.5% and in third place was ‘electrical apparatus for line telephony/telegraphy, telephone sets etc’, with QR0.3 billion, an increase of 27.1%.

 

Short URL : https://goo.gl/vHJLmA
  1. https://goo.gl/LZXwNP
  • https://goo.gl/YtKnZJ
  • https://goo.gl/Vj1sM2
  • https://goo.gl/BCgFda
  • https://goo.gl/Ybwd84

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
UK Economy Will Shrink Without Brexit Deal
Britain’s economy will shrink if the country leaves the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus