The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for March 2022. A brief analysis of the data is given below:
In March 2022, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 36.7 billion, showing an increase of 66.4% compared to March 2021, and increase of 15.2% compared to February 2022.
On other hand, the imports of goods in March 2022 amounted to around QR 10.0 billion, showing an increase of 17.1% compared to March 2021. and increase of 6.1% compared to February 2022.
In March 2022, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 26.7 billion almost, i.e. an increase of about QR 13.2 billion or 97.8% compared to March 2021, and increase by nearly QR 4.3 billion 19.0% compared to February 2022.
The year on year (March 2022 vs. March 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 20.1 billion (approximately) in March 2022, i.e. an increase of 50.7%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 6.6 billion nearly, increase by 107.4%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching 3.8 Billion 108.8%.
In March 2022, India was at the top of the countries of destination of Qatar’s exports with close to QR 5.6 billion, a share of 15.3% of total exports, followed by China with almost QR 5.3 billion and a share of 14.4%, South Korea with about QR 4.6 billion, a share of 12.6%.
The year on year (March 2022 vs. March 2021), 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 36.6%. In second place was "Motor Cars & Other Motor Vehicles for The Transport of Persons" with QR 0.4 billion, showing an increase of 51.9% and in third place was "Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof" with QR 0.3 billion, increase of 22.7%.
In March 2022, United State of America was the leading country of origin of Qatar’s imports with about QR 1.7 billion, a share of 17.4% of the imports, followed by China with QR 1.3 billion almost, a share of 13.4 %, and India with QR 0.7 billion, a share of 7.1%.
