The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for June 2018. A brief analysis of the data is given below:
In June 2018, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 26.9 billion, showing an increase of 46.3% compared to June 2017, and increase by 8.3% compared to May 2018.
On other hand, the imports of goods in June 2018 amounted to around QR 8.9 billion, showing an increase of 50.1% over June 2017. However, on a month on month (M-o-M) basis the imports decreased by 10.5%.
In June 2018, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 18.0 billion almost, i.e. an increase of about QR 5.5 billion or 44.5% compared to June 2017, And increased by nearly QR 3.1 billion or 21.0% compared to May 2018.
The year on year (June 2018 to June 2017) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 15.6 billion approximately in June 2018, i.e. an increase of 31.0%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 5.1 billion nearly, increased by 107.7%, and increase in the Petroleum oils & oils from bituminous minerals (not crude) reaching QR 2.6 billion, increased by 160.6%.
In June 2018, Japan was at the top of the countries of destination of Qatar’s exports with close to QR 4.7 billion, a share of 17.6% of total exports, followed by South Korea with almost QR 3.8 billion and a share of 14.2 %, Singapore with about QR 3.2 billion, a share of 11.8%.
During June 2018, the group of " Motor cars & other passenger vehicles " was at the top of the imported group of commodities, with QR 0.3 billion, showing a decrease of 11.7% compared to June 2017. In second place was “Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof " with QR 0.3 billion, increase of 46.2% and in third place was “Parts of Balloons Etc.; Parts of Aircraft, Spacecraft Etc.” with QR 0.2 billion, showing an decrease by 6.6%.
In June 2018, United State of America was the leading country of origin of Qatar’s imports with about QR 2.3 billion, a share of 26.0% of the imports, followed by China with QR 1.2 billion almost, a share of 13.6%, and India with QR 0.5 billion, a share of 5.8%.
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