The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for July 2022. A brief analysis of the data is given below:
In July 2022, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 44.4 billion, showing an increase of 61.9% compared to July 2021, and increase of 12.4% compared to June 2022.
On other hand, the imports of goods in July 2022 amounted to around QR 9.6 billion, showing an increase of 21.8% compared to July 2021. and increase of 2.9% compared to June 2022.
In July 2022, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 34.8 billion almost, i.e. an increase of about QR 15.2 billion or 78.0% compared to July 2021, and increase by nearly QR 4.6 billion 15.3% compared to June 2022.
The year on year (July 2022 vs. July 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 30.6 billion (approximately) in July 2022, i.e. an increase of 90.3%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 6.0 billion nearly, increase by 35.0%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching 2.9 Billion 1.7%.
In July 2022, India was at the top of the countries of destination of Qatar’s exports with close to QR 5.7 billion, a share of 12.8% of total exports, followed by Japan with almost QR 5.12 billion and a share of 11.55%, South Korea with about QR 5.08 billion, a share of 11.46%.
The year on year (July 2022 vs. July 2021), the group of "Turbojets, Turbopropellers & Other Gas Turbines; Parts Thereof" was at the top of the imported group of commodities, with QR 0.8 billion, showing an increase of 26.3%. In second place was "Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof“ with QR 0.33 billion, showing an increase of 49.8% and in third place was "Motor Cars & Other Motor Vehicles for The Transport of Persons" with QR 0.32 billion, increase of 12.5%.
In July 2022, China was the leading country of origin of Qatar’s imports with about QR 1.7 billion, a share of 17.3% of the imports, followed by United State of America with QR 1.6 billion almost, a share of 16.7 %, and India with QR 0.6 billion, a share of 6.2%.
