Qatar’s November trade surplus slipped 8 percent from a year earlier.

Qatar’s foreign merchandise trade surplus in November 2016, which represents the difference between total exports and imports of goods, recorded QR9.6 billion or $2.6 billion, losing 8 percent from the same month in 2015, hurt by low natural gas and oil prices.

Exports of petroleum gases and other gaseous hydrocarbons fell 12.2 percent to $3.20bn or QR 11.64bn.

However, on monthly basis, the trade surplus in November is 25 percent higher or QR1.9bn compared to October 2016.

Total exports of goods reached QR1837bn, a 10.1 percent decrease compared to November last year and 0.1 percent decrease compared to October 2016.

Total value of imports of goods in November 2016 also decreased by 12.2 percent from November 2015, amounted around QR9bn.

Japan was at the top of the partners for Qatar’s exports with nearly QR3.6bn, a 19.1 percent share of total exports, followed by South Korea with a share of 16.5 percent with about QR3.1bn, India with QR2.4bn, a 12.7 percent share.

Germany was the leading import partner with a share of 11.9 percent with QR1.1bn, followed by United States with a 10.3 percent share with QR900m and China by 10 percent share with QR900m.

Balance of Trade in Qatar averaged 28190.16 QR Million from 2004 to 2016, reaching an all-time high of 98761 QR Million in August of 2012 and a record low of 4787 QR Million in April 2016,

Motor cars and other passenger vehicles were on top of the imported group commodities with QR800m, a 19.4 decrease year on year followed by Turbojets, turbo propellers and other gas turbines, parts thereof with QR400m, showing an increase of 179.6 percent, and in third place came Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets, Parts thereof, with QR200m, decreased by 25.7 percent.

 

 

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