The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for June 2023. A brief analysis of the data is given below:
In June 2023, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 26.8 billion, showing a decrease of 32.0% compared to June 2022, and decrease of 3.5% compared to May 2023.
On other hand, the imports of goods in June 2023 amounted to around QR 9.4 billion, showing an increase of 1.1% compared to June 2022. and decrease by 1.8% compared to May 2023.
In June 2023, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 17.4 billion almost, i.e., a decrease of about QR 12.7 billion or 42.3% compared to June 2022, and decrease by nearly QR 0.8 billion or 4.4% compared to May 2023.
The year on year (June 2023 vs. Revised data of June 2022) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 16.4 billion (approximately) in June 2023, i.e. decrease of 29.7%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 4.8 billion nearly, decrease by 26.4%, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching 2.2 Billion 46.9%.
In June 2023, China was at the top of the countries of destination of Qatar’s exports with close to QR 5.4 billion, a share of 20.1% of total exports, followed by South Korea with almost QR 3.2 billion and a share of 11.9%, and India with about QR 3.2 billion, a share of 11.8%.
The year on year (June 2023 vs. Revised data of June 2022), the group of "Turbojets, Turbopropellers & Other Gas Turbines; Parts Thereof" was at the top of the imported group of commodities, with QR 0.50 billion, showing an increase of 37.2%. In second place was "Motor Cars & Other Motor Vehicles for The Transport of Persons” with QR 0.48 billion, increase by 44.5%, and in third place “Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses" with QR 0.3 billion, showing increase of 34.7%.
In June 2023, United State of America was the leading country of origin of Qatar’s imports with about QR 1.8 billion, a share of 19.5% of the imports, followed by China with QR 1.3 billion almost, a share of 14.1%, and Germany with QR 0.5 billion, a share of 5.6%.
