The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for October 2022. A brief analysis of the data is given below:
In October 2022, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 38.0 billion, showing an increase of 26.3% compared to October 2021, and decrease of 10.3% compared to September 2022. (Table1)
On other hand, the imports of goods in October 2022 amounted to around QR 12.9 billion, showing an increase of 45.0% compared to October 2021. and increase of 14.3% compared to September 2022. (Table1)
In October 2022, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 25.1 billion almost, i.e. an increase of about QR 3.9 billion or 18.5% compared to October 2021, and decrease by nearly QR 6.0 billion or 19.2% compared to September 2022. (Table1)
The year on year (October 2022 vs. October 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 25.5 billion (approximately) in October 2022, i.e. an increase of 35.2%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 5.4 billion nearly, increase by 33.2%, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching 2.2 Billion 28.8%. (Table1)
In October 2022, China was at the top of the countries of destination of Qatar’s exports with close to QR 5.6 billion, a share of 14.8% of total exports, followed by India with almost QR 4.63 billion and a share of 12.2%, South Korea with about QR 4.61 billion, a share of 12.1%. (Table2, Graph1)
The year on year (October 2022 vs. October 2021), the group of "Turbojets, Turbopropellers & Other Gas Turbines; Parts Thereof" was at the top of the imported group of commodities, with QR 0.5 billion, showing an decrease of 23.7%. In second place was "Motor Cars & Other Motor Vehicles for The Transport of Persons" with QR 0.47 billion, showing an increase of 54.3% and in third place was " Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof. “ with QR 0.45 billion, increase of 61.6%. (Table1).
In October 2022, United State of America was the leading country of origin of Qatar’s imports with about QR 2.2 billion, a share of 17.0% of the imports, followed by China with QR 2.1 billion almost, a share of 16.2%, and Germany with QR 0.7 billion, a share of 5.5%. (Table2, Graph2)
