The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for June 2019. A brief analysis of the data is given below:
In June 2019, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR22.0billion, showing a decrease of 18.2% compared to June2018, and decreased by 3.4% compared to May 2019.
On other hand, the imports of goods in June 2019amounted to around QR 8.1billion, showing a decrease of 9.6% over June 2018. However, on a month on month (M-o-M) basis the imports decrease by 12.4%.
In June 2019, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 14.0billion almost, i.e. an decrease of about QR4.0billion or 22.4% compared to June 2018, And increased by nearly QR0.4 billion or 2.6% compared to May 2019 .
The year on year (June2019to June 2018) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching12.7billion approximately in June 2019,
i.e. a decrease of 17.8%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 4.1 billion nearly, decreased by 19.6%, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching QR 1.8 billion, decreased by31.2% .
In June 2019, Japan was at the top of the countries of destination of Qatar’s exports with close to QR4.2 billion, a share of 18.9% of total exports, followed by South Korea with almost QR3.5 billion and a share of 16.1%, India with about QR 3.0 billion, a share of 13.6%.
During June 2019, the group of "Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof” was at the top of the imported group of commodities, with QR 0.5billion, showing a increase of 17.8% compared to June 2018. In secondplacewas“Parts Of Balloons Etc.; Parts Of Aircraft, Spacecraft Etc.” with QR 0.4 billion, showing increased by 67.4%, and in third place was "Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof" with QR 0.2 billion, decrease of 10.4%.
In June 2019,United State of America was the leading country of origin of Qatar’s imports with about QR 1.8billion, a share of 22.4% of the imports, followed by China with QR 1.0billion almost, a share of 12.0%, and Germany with QR 0.6 billion, a share of 7.7% .
