Qatar Foreign Merchandise Trade Surplus was QR 18.2 billion in February, 2015
The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports and imports for February 2015. A short analysis of the data is given below: In February 2015, the total exports of goods (including exports of domestic origin and re-exports) amounted to QR 27.5 billion, showing a decrease of )36%( compared to February 2014. However, the total exports of goods decreased by )1.3%( compared to January 2015. )Table 1) On the other hand, the imports of goods in February 2015 amounted to QR 9.3 billion, showing an increase of )12.2%( over February 2014. However, on a month on month (M-o-M) basis the imports decreased by )4.3%(. )Table 1)In February 2015, the trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR 18.2 billion, i.e. a decrease of QR 16.5 billion or )47.5%( compared to February 2014. However, the trade balance of goods increased by QR 0.05 billion or )0.3%( compared to January 2015. (Table 1) The year on year (February 2015 to February 2014) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 17.6 billion in February 2015, i.e. a decrease of )41.5%(, Petroleum oils & oils from bituminous minerals (crude) reaching QR 4.4 billion )31.9%(, and Petroleum oils & oils from bituminous minerals (not crude) reaching QR 1.2 billion) 34.6%(. (Table 1)In February 2015, Japan was at the top of the countries of destination of Qatar’s exports with QR 7.7 billion, a share of )28%( of total exports, followed by South Korea with QR 4.3 billion (15.7%) and India with QR 2.6 billion (9.6%). (Table 2, Graph 1)During February 2015, Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 0.8 billion, showing an increase of (33.6%) compared to February 2014. In second place was Parts of aircraft and helicopters etc. with QR 0.4 billion, showing a decrease of (25.7%), and in third place was Electrical apparatus for line telephony/telegraphy, telephone sets etc.; Parts thereof  with QR 0.3 billion, increased by (29.0%) . (Table 1) In February 2015, China was the leading country of origin of Qatar’s imports with QR 1.1 billion, a share of (11.8%) of the imports, followed by United States of America with QR 1.0 billion (10.7%) and United Arab Emirates with QR 0.8 billion (8.7%). (Table 2, Graph 2). For Detailed information, and tables, click here For more information, please, visit our website: http://ftp.qsa.gov.qa:8088/

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