The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for June 2022. A brief analysis of the data is given below:
In June 2022, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 39.5 billion, showing an increase of 56.2% compared to June 2021, and a decrease of 8.2% compared to May 2022.
On other hand, the imports of goods in June 2022 amounted to around QR 9.3 billion, showing an increase of 12.1% compared to June 2021. and increase of 6.4% compared to May 2022.
In June 2022, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 30.2 billion almost, i.e. an increase of about QR 13.2 billion or 77.8% compared to June 2021, and decrease by nearly QR 4.1 billion 11.9% compared to May 2022.
The year on year (June 2022 vs. June 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 23.3 billion (approximately) in June 2022, i.e. an increase of 64.6%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 6.5 billion nearly, increase by 47.6%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching 4.2 Billion 82.4%.
In June 2022, China was at the top of the countries of destination of Qatar’s exports with close to QR 6.0 billion, a share of 15.2% of total exports, followed by India with almost QR 4.2 billion and a share of 10.6%, South Korea with about QR 4.1 billion, a share of 10.5%.
The year on year (June 2022 vs. June 2021), the group of "Turbojets, Turbopropellers & Other Gas Turbines; Parts Thereof " was at the top of the imported group of commodities, with QR 0.4 billion, showing a decrease of 51.1%. In second place was " Motor Cars & Other Motor Vehicles for The Transport of Persons " with QR 0.34 billion, showing a decrease of 6.4% and in third place was " Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof “ with QR 0.31 billion, increase of 37.9%.
In June 2022, China was the leading country of origin of Qatar’s imports with about QR 1.6 billion, a share of 17.1% of the imports, followed by United State of America with QR 1.2 billion almost, a share of 12.7 %, and India with QR 0.6 billion, a share of 6.7%.
