The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for July 2021. A brief analysis of the data is given below:
In July 2021, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 27.5 billion, showing an increase of 101.9% compared to July 2020, and increase of 8.7% compared to June 2021.
On other hand, the imports of goods in July 2021 amounted to around QR 7.9 billion, showing an increase of 7.1% compared to July 2020. and decrease of 5.3% compared to June 2021.
In July 2021, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 19.6 billion almost, i.e. an increase of about QR 13.3 billion or 213.4% compared to July 2020, and increased by nearly QR 2.6 billion or 15.5% compared to June 2021.
The year on year (July 2021 to July 2020) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 16.1 billion approximately in July 2021, i.e. an increase of 105.9%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 4.4 billion nearly, increased by 92.0%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching 2.9 billion, increased by 146.8%.
In July 2021, China was at the top of the countries of destination of Qatar’s exports with close to QR 4.3 billion, a share of 15.8% of total exports, followed by South Korea with almost QR 3.88 billion and a share of 14.13%, Japan with about QR 3.87 billion, a share of 14.12%.
The year on year (July 2021 to July 2020), the group of "Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof" was at the top of the imported group of commodities, with QR 0.6 billion, showing an increase of 0.2%. In second place was "Motor Cars & Other Motor Vehicles For The Transport Of Persons" with QR 0.29 billion, showing an increase of 52.4% and in third place was "Other Parts Of Aero planes Or Helicopters " with QR 0.26 billion, increase of 27.0%.
In July 2021, China was the leading country of origin of Qatar’s imports with about QR 1.3 billion, a share of 16.6% of the imports, followed by United State of America with QR 0.9 billion almost, a share of 11.4%, and United Kingdom with QR 0.6 billion, a share of 7.8%.
