Qatar trade surplus at QR13.5bn in February: PSA
March 25 2020 09:02 PM
Qatargas loaded the cargo at the Ras Laffan terminal on the Q-Max LNG vessel ‘Mekaines’
Petroleum gases constituted 68% of the exports of domestic products compared to 67% a year ago period, crude 15% (15%), non-crude 5% (7%) and other commodities 11% (11%).

Qatar's trade surplus amounted to QR13.5bn in February this year as the country's total exports were almost thrice the imports, according to the Planning and Statistics Authority (PSA).
The country's merchandise trade surplus witnessed a 3% year-on-year decline; even as it grew 9% on a monthly basis, said the official figures.
The Asian region accounted for more than 71% of the country's exports with the growth market India both on yearly and monthly basis.
In February 2020, total exports of goods (including exports of goods of domestic origin and re-exports) were QR21.32bn, showing a 5.2% and 4.6% decrease on yearly and monthly basis respectively.
The exports of petroleum gases and other gaseous hydrocarbons shrank 4.3% year-on-year to QR13.84bn, crude by 6.4% to QR3.15bn, non-crude by 32.9% to QR1.07bn and other commodities by 2.1% to QR2.28bn at the end of February 2020.
On a monthly basis, the exports of petroleum gases and other gaseous hydrocarbons tanked 8.4%, crude by 0.3% and non-crude by 9.3%, while those of other commodities expanded 10.3%.
Petroleum gases constituted 68% of the exports of domestic products compared to 67% a year ago period, crude 15% (15%), non-crude 5% (7%) and other commodities 11% (11%).
In February this year, Qatar's shipments to Japan amounted to QR3.85bn, accounting for 18% of the country's total exports; India QR3.34bn (15.7%); South Korea QR2.82bn (13.2%); China QR2.29bn (10.7%) and Singapore QR2.21bn (10.4%).
On a yearly basis, Qatar's exports to South Korea had witnessed an 35.91% fall, Singapore (30%), China (24.92%) and Japan (15.01%); while those to India shot up 47.79% in February 2020.
On a monthly basis, Qatar's exports to China fell 36.57%, Singapore (27.01%), South Korea (14.02%) and Japan (9.84%); whereas those to India witnessed 5.7% jump in the review period.
The country's re-exports amounted to QR0.99bn in February 2020, which showed gains of 31.6% and 17% on a yearly and monthly basis respectively.
Qatar's total imports (valued at cost insurance and freight) amounted to QR7.73bn, which showed 8.9% and 21.7% shrinkage year-on-year and month-on-month respectively in February 2020.
In February, imports from the US stood at QR1.08bn, which accounted for 13.9% of Doha's total, China QR0.88 (11.4%), the UK QR0.61bn (7.9%), India QR0.52bn (6.8%) and Germany QR0.41bn (5.3%).
On a yearly basis, Qatar's imports from Germany and China plunged 59.56% and 30.57% respectively; while those from India grew 13.73%, the US 5.6% and the UK 3.98%.
On a monthly basis, the country's imports from China plummeted 54.92%, Germany by 43.65%, the US by 30.6% and the UK by 12.66%; whereas those from India were up 2.55% at the end of February this year.
In February 2020, imports of parts of aeroplanes and helicopters were valued at QR0.31bn; motor cars and other motor vehicles for transport QR0.27bn; electrical apparatus for line telephony and parts thereof QR0.21bn and other commodities QR6.94bn.



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