The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for January 2016. A brief analysis of the data is given below:
In January 2016, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR17.9 billion, showing a decrease of 33.6% compared to January 2015. And decreased by 9.4% compared to December 2015. (Table 1).
On other hand, the imports of goods in January 2016 amounted to QR 10.7 billion, showing a increase of 10.1% over January 2015. However, on a month on month (M-o-M) basis the imports decreased by 2.7%. (Table 1).
In January 2016, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 7.3 billion, i.e. a decrease of QR 10.1 billion or 58.1% compared to January 2015. And decreased by QR1.6 billion or 17.8% compared to December 2015. (Table 1).
The year on year (January 2016 to January 2015) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 11.6 billion in January 2016, i.e. a decrease of 40.3%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 1.7 billion, decreased by 44.1%, as well as the Petroleum oils & oils from bituminous minerals (not crude) reaching QR 0.7 billion, decreased by 25.1%. (Table 1).
In January 2016, Japan was at the top of the countries of destination of Qatar’s exports with QR 3.3 billion, a share of 18.2% of total exports, followed by and South Korea with QR 3.0 billion and a share of 16.5%, India with QR 2.7 billion, a share of 15.1%. (Table 2, Graph 1)
During January 2016, Motor cars & other passenger vehicles., was at the top of the imported group of commodities, with QR 0.9 billion, showing an increase of 0.8% compared to January 2015. In second place was Parts of aircraft and helicopters etc. with QR 0.7 billion, showing an increase of 101.2%, and in third place was Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof. with QR 0.3 billion, increased by 12.2%. (Table 1).
In January 2016, United States of America was the leading country of origin of Qatar’s imports with QR 1.3 billion, a share of 12.1% of the imports, followed by China with QR 1.2 billion, a share of 11.2%, and Germany with QR 1.1 billion, a share of 10.5%. (Table 2, Graph 2).
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