Foreign Merchandise Trade Balance: In Q4 2018, Qatar recorded a merchandise trade balance surplus (difference between total exports and imports) of QR 50.9 billion, up from QR 35.8 billion in Q4 2017.
Total Exports: In Q4 2018, the value of Qatar’s total exports (including exports of domestic goods and re-exports) amounted to QR 79.7 billion, increased by QR 11.2 billion (16.4%) compared to Q4 2017 total exports of QR 68.5 billion.
o The Q4 2018 year on year (Y-o-Y) increase in total exports was mainly due to higher exports of Mineral fuels, lubricants and related materials by QR 9.9 billion, Machinery and Transport Equipment (mainly re-exports) by QR 1.1 billion, Chemicals and related products nes by QR 0.8,and Miscellaneous manufactured articles by QR 0.1 billion. On the other hand decreases was recorded mainly in Crude materials, and inedible, except fuels, by QR 0.3 billion.
Imports: The value of Qatar’s imports in Q4 2018 was QR 28.8 billion; decreased by QR 3.8 billion (11.6%) compared to Q4 2017 imports of QR 32.6 billion.
o The Q4 2018 (Y-o-Y) decrease in imports reflected decreases in Machinery and transport equipment by QR 4.8 billion, Chemicals and related products nes by QR 0.3 billion, Beverages and Tobacco by QR 0.1 billion, and Manufactured goods classified chiefly by material by QR 0.1 billion. On the other hand increases was recorded mainly in Miscellaneous manufactured articles by QR 1.4 billion, and of Mineral fuels, lubricants and related materials by QR 1.0 billion.
Major Export/Import Partners: During Q4 2018, Asia was the principal destination of Qatar’s exports and the first origin of Qatar’s imports, representing 81.8% and 33.6% respectively, followed by the European Union, accounting for 9.9% and 32.2% respectively, and GCC, with 3.8% and 1.8% respectively.
1. Exports
1.1 Analysis of exports by SITC rev.4 in Q4 2018.
In Q4 2018, the value of Qatar’s total exports (including exports of domestic goods and re-exports) amounted to QR 79.7 billion, showing a year on year (Y-o-Y) increase of QR 11.2 billion (16.4%). However, on a quarter on quarter (Q-o-Q) basis the decrease was QR 0.1 billion (0.2%) .
The Q4 2018 Y-o-Y increase in total exports was mainly driven by increase in Mineral fuels, lubricants and related materials of QR 9.9 billion (17.0%), Machinery and Transport Equipment (mainly re-exports) by QR 1.1 billion (89.8%), Chemicals and related products nes by QR 0.8 billion (14.4%), and Miscellaneous Manufactured Articles of QR 0.1 billion (76.0%).
Within Mineral fuels, lubricants and related materials, increases were recorded mainly in Gas, Natural And Manufactured by QR 11.2 (28.9%), while decreases were recorded in Petroleum, Petroleum Products And Related Materials QR 1.3 billion (6.5%) .
Within Machinery and Transport Equipment increases was recorded mainly in Other Transport Equipment by QR 1.0 billion (190.7%), While no significant decreases were recorded in this group of products .
Among Chemicals and related products nes increases were recorded in Inorganic Chemicals by QR 0.5 billion (45.3%), Organic Chemicals by QR 0.3 billion (1.6%), and Fertilizers by QR 0.4 billion (35.5%). While no significant decreases were recorded in this group of products .
On the other hand decreases were registered in Manufactured goods classified chiefly by material, by QR 0.4 billion (14.8%), and Crude materials, and inedible, except fuels, by QR 0.3 billion (76.4%).
In Q4 2018, Mineral fuels, lubricants and related materials accounted for 86% of total exports, while Chemicals and related product the remaining 8%, of which Manufactured goods classified chiefly by material for 3% of total exports, and the remaining 3% corresponded to Other goods .
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To view, Exportts & Re-exports classified by country of destination
