The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for February 2022. A brief analysis of the data is given below:
In February 2022, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 31.9 billion, showing an increase of 54.6% compared to February 2021, and a decrease of 10.3% compared to January 2022. (Table1).
On other hand, the imports of goods in February 2022 amounted to around QR 9.5 billion, showing an increase of 28.1% compared to February 2021. and decrease of 1.9% compared to January 2022. (Table1).
In February 2022, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 22.4 billion almost, i.e. an increase of about QR 9.2 billion or 69.5% compared to February 2021, and decrease by nearly QR 3.5 billion 13.5% compared to January 2022. (Table1).
The year on year (February 2022 vs. February 2021) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 18.9 billion (approximately) in February 2022, i.e. an increase of 41.7%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 5.5 billion nearly, increase by 120.3%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching 3.0
Billion 127.4%. (Table1).
In February 2022, China was at the top of the countries of destination of Qatar’s exports with close to QR 7.1 billion, a share of 22.2% of total exports, followed by Japan with almost QR 5.3 billion and a share of 16.6%, South Korea with about QR 3.7 billion, a share of 11.7%. (Table2, Graph1).
The year on year (February 2022 vs. February 2021), the group of "Motor Cars & Other Motor Vehicles for The Transport of Persons" was at the top of the imported group of commodities, with QR 0.5 billion, showing an Increase of 47.9 %. In second place was " Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof " with QR 0.4 billion, showing an increase of 50.2 % and "Parts Of Balloons Etc.; Parts Of Aircraft, Spacecraft Etc ." with QR 0.2 billion, increase of 6.5%. (Table1).
In February 2022, China was the leading country of origin of Qatar’s imports with about QR 1.7 billion, a share of 17.7% of the imports, followed by United State of America with QR 0.9 billion almost, a share of 9.9 %, and Italy with QR 0.7 billion, a share of 7.3%. (Table2, Graph2).
