The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for October 2021. A brief analysis of the data is given below:
In October 2021, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 30.1 billion, showing an increase of 96.4% compared to October 2020, and increase of 7.9% compared to September 2021.
On other hand, the imports of goods in October 2021 amounted to around QR 8.9 billion, showing an increase of 7.6% compared to October 2020. and increase of 1.3% compared to September 2021.
In October 2021, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 21.2 billion almost, i.e. an increase of about QR 14.1 billion or 200.6% compared to October 2020, and increase by nearly QR 2.1 billion or 10.9% compared to September 2021.
The year on year (October 2021 vs. October 2020) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 18.8 billion (approximately) in October 2021, i.e. an increase of 93.6%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 4.0 billion nearly, increase by 93.2%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching 3.1 billion, 509.5%.
In October 2021, India was at the top of the countries of destination of Qatar’s exports with close to QR 4.1 billion, a share of 13.6% of total exports, followed by South Korea with almost QR 4.0 billion and a share of 13.2%, Japan with about QR 3.6 billion, a share of 12.0%.
The year on year (October 2021 vs. October 2020), the group of " Turbojets, Turbopropellers & Other Gas Turbines; Parts Thereof " was at the top of the imported group of commodities, with QR 0.7 billion, showing an increase of 16.9%. In second place was " Motor Cars & Other Motor Vehicles For The Transport of Persons " with QR 0.30 billion, showing an Increase of 57.3% and in third place was " Parts of Balloons Etc.; Parts of Aircraft, Spacecraft Etc. " with QR 0.27 billion, increase of 7.9%.
In October 2021, China was the leading country of origin of Qatar’s imports with about QR 1.5 billion, a share of 17.4% of the imports, followed by United State of America with QR 1.0 billion almost, a share of 11.0%, and United Kingdom with QR 0.7 billion, a share of 8.1%.
