The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports and imports for November 2021. A brief analysis of the data is given below:
In November2021, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 34.3 billion, showing an increase of 106.6% compared to November 2020, and an increase of 13.9% compared to October 2021.
On other hand, the imports of goods in November 2021 amounted to around QR 9.8 billion, showing an increase of 29.6% compared to November 2020. and increase of 9.6% compared to October 2021.
In November 2021, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 24.5 billion almost, i.e. an increase of about QR 15.5 billion or 170.6% compared to November 2020, and increase by nearly QR 3.3 billion or 15.8% compared to October 2021.
The year on year (November 2021 vs. November 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 22.4 billion (approximately) in November 2021, i.e. an increase of 135.1%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 4.1 billion nearly, increase by 62.4%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching 2.9 billion, 107.8%.
In November 2021, China was at the top of the countries of destination of Qatar’s exports with close to QR 5.1 billion, a share of 14.8% of total exports, followed by Japan with almost QR 4.5 billion and a share of 13.1%, South Korea with about QR 3.6 billion, a share of 10.4%.
The year on year (November 2021 vs. November 2020), the group of "Turbojets, Turbo propellers & Other Gas Turbines; Parts Thereof" was at the top of the imported group of commodities, with QR 0.4 billion, showing a decrease of 1.9%. In second place was "Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof" with QR 0.33 billion, showing an Increase of 13.0% and in third place was "Motor Cars & Other Motor Vehicles for The Transport of Persons" with QR 0.30 billion, decrease of 1.4%.
In November 2021, China was the leading country of origin of Qatar’s imports with about QR 1.8 billion, a share of 18.8% of the imports, followed by United State of America with QR 1.1 billion almost, a share of 11.2%, and Germany with QR 0.7 billion, a share of 7.2%.
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