The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for November 2017. A brief analysis of the data is given below:
In November 2017, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 21.8 billion, showing an increase of 15.9% compared to November 2016, and increase by 3.8% compared to October 2017.
On other hand, the imports of goods in November 2017 amounted to around QR 8.9 billion, showing decrease of 2.0% over November 2016. However, on a month on month (M-o-M) basis the imports decreased by 26.9%.
In November 2017, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 12.8 billion almost, i.e. an increase of about QR 3.2 billion or 32.9% compared to November 2016, And increased by nearly QR 4.5 billion or 54.8% compared to October 2017.
The year on year (November 2017 to November 2016) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 12.3 billion approximately in November 2017, i.e. an increase of 6.2%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 3.7 billion nearly, increased by 23.5%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching QR 2.3 billion, increased by 142.8%.
In November 2017, South Korea was at the top of the countries of destination of Qatar’s exports with close to QR 4.2 billion, a share of 19.1% of total exports, followed by Japan with almost QR 3.5 billion and a share of 16.1%, India with about QR 2.7 billion, a share of 12.3%.
During November 2017, the group of " Motor cars & other passenger vehicles " was at the top of the imported group of commodities, with QR 0.5 billion, showing a decrease of 39.2% compared to November 2016. In second place was " Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof ", with QR 0.4 billion, showing an increase by 5.5%, and in third place was “Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof”, with QR 0.3 billion, increase of 27.1%.
In November 2017, China was the leading country of origin of Qatar’s imports with about QR 1.2 billion, a share of 13.8% of the imports, followed by United State of America with QR 1.2 billion almost, a share of 13.6%, and India with QR 0.5 billion, a share of 5.9%.
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