The Planning and Statistics Authority has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for July 2023. A brief analysis of the data is given below:
On other hand, the imports of goods in July 2023 amounted to around QR 9.4 billion, showing a decrease of 1.6% compared to July 2022. and increase of 0.2% compared to June 2023.
In July 2023, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 19.6 billion almost, i.e., a decrease of about QR 15.1 billion or 43.5% compared to July 2022, and increase by nearly QR 2.2 billion or 12.8% compared to June 2023.
The year on year (July 2023 vs. July 2022) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 17.0 billion (approximately) in July 2023, i.e. decrease of 44.4%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 5.4 billion nearly, decrease by 10.6%, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching 2.8 billion 5.0%.
In July 2023, China was at the top of the countries of destination of Qatar’s exports with close to QR 6.0 billion, a share of 20.7% of total exports, followed by South Korea with almost QR 4.1 billion and a share of 14.2%, and India with about QR 2.8 billion, a share of 9.6%.
The year on year (July 2023 vs. July 2022), 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 4.7%. In second place was "Motor Cars & Other Motor Vehicles for The Transport of Persons” with QR 0.29 billion, decrease by 9.3%, and in third place “Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof” with QR 0.28 billion, showing a decrease of 13.4%.
In July 2023, China was the leading country of origin of Qatar’s imports with about QR 1.6 billion, a share of 16.7% of the imports, followed by United State of America with QR 1.4 billion almost, a share of 14.3%, and Germany with QR 0.6 billion, a share of 6.7%.
