The total value of Qatar’s foreign merchandise trade stood at QR36.8bn in September 2021, registering an 80.4% year-on-year (y-o-y) growth, Qatar Chamber said, citing the latest government data.
Based on figures released by the Planning and Statistics Authority (PSA), Qatar Chamber’s latest monthly economic newsletter reported that month-on-month (m-o-m) Qatar’s foreign trade in September 2021 jumped 4.1% from QR35.4bn to QR36.8bn. In September last year, figures reached QR20.4bn.
In September 2021, total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR28.1bn, showing a sharp 109% increase over QR13.4bn in the same month last year. Similarly, it increased 2.8% compared to QR27.3bn in August 2021.
The imports of goods in the said month amounted to QR8.8bn, an increase of 8.5% compared to QR8.1bn in August, and a 25.7% increase year-on-year. Therefore, the country’s foreign merchandise trade balance, which represents the difference between total exports and imports, amounted to QR19.3bn, showing an increase of 199.1% compared to QR6.4bn in September 2020, while m-o-m, it slightly increased by 0.31%.
In September 2021, China was the main country of destination of Qatar’s foreign trade with QR5.8bn or a 15.8% share of the state’s total foreign trade.