The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for August 2016. A brief analysis of the data is given below:
In August 2016, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 18.1 billion, showing a decrease of 23.4% compared to August 2015. And increased by 11.0% compared to July 2016.
On other hand, the imports of goods in August 2016 amounted to around QR 9.4 billion, showing decrease of 6.9% over August 2015. However, on a month on month (M-o-M) basis the imports decreased by 2.1%.
In August 2016, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 8.7 billion almost, i.e. a decrease of about QR 4.8 billion or 35.7% compared to August 2015. And increased by nearly QR 2.0 billion or 29.8% compared to July 2016.
The year on year (Aug 2016 to Aug 2015) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 11.3 billion approximately in Aug 2016, i.e. a decrease of 23.9%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 3.1 billion nearly, decreased by 6.5%, as well as the Petroleum oils & oils from bituminous minerals (not crude) reaching QR 0.8 billion, decreased by 18.6%.
In August 2016, Japan was at the top of the countries of destination of Qatar’s exports with close to QR 3.4 billion, a share of 18.8% of total exports, followed by South Korea with almost QR 2.7 billion and a share of 15.0%, India with about QR 2.2 billion, a share of 12.1%.
During August 2016, Motor cars & other passenger vehicles., was at the top of the imported group of commodities, with QR 0.6 billion, showing a decrease of 11.3% compared to August 2015. In second place was Parts of aircraft and helicopters etc with QR 0.2 billion, showing an decrease by 59.9%, and in third place was Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof. with QR 0.2 billion, decreased by 30.3%.
In August 2016, Germany was the leading country of origin of Qatar’s imports with about QR 1.1 billion, a share of 11.2% of the imports, followed by China with QR 1.023 billion almost, a share of 10.9%, and United State of America with QR 1.011 billion, a share of 10.8%.
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