Qatar began the second quarter on a positive note with its trade surplus more than doubling year-on-year to QR34.18bn in April 2022 on the back of robust shipments of petroleum gas, crude and non-crude, according to the official statistics.
The rebound in the country's merchandise trade surplus has been enabled by robust jump in exports to Asian countries and the UK, during the period in review, said the figures released by the Planning and Statistics Authority.
The country's trade surplus showed a 28.1% month-on-month jump in April 2022 as the exports grew faster and the imports declined.
The country's total exports of goods (including exports of goods of domestic origin and re-exports) were QR43.45bn, showing a stupendous 107.4% and 18.4% surge year-on-year and month-on-month respectively in the review period.
In April 2022, Qatar's shipments to China amounted to QR6.56bn or 15.1% of the total exports of the country, followed by India QR5.52bn (12.7%), Japan QR4.54bn (10.4%), South Korea QR4.19bn (9.6%) and the UK QR3.72bn (8.5%).
On a yearly basis, Qatar's exports to the UK more than quadrupled; those to China and India more than doubled; those to South Korea grew 97.13% and Japan by 61.37% at the end of April 2022.
On a monthly basis, Qatar's exports to the UK were seen more than doubling, while those to Japan expanded 9.78%; even as those to China declined 23.69%, South Korea by 9.36% and India by 1.67% in the review period.
The exports of petroleum gases, crude, non-crude and other non-specified commodities more than doubled year-on-year to QR27.78bn, QR6.78bn, QR3.68bn and QR4.56bn respectively in April 2022.
On a monthly basis, the exports of petroleum gases expanded 38.1% and those of crude by 2.1%; whereas those of other non-specified commodities shrank 7.4% and non-crude by 2.3% in the review period.
Petroleum gases constituted 64.89% of the exports of domestic products this April compared to 66.43% a year ago period; followed by crude 15.84% (15.91%), non-crude 8.6% (8.95%) and other commodities 10.65% (8.7%).
Qatar's total imports (valued at cost insurance and freight) amounted to QR9.28bn, which strengthened 13.6% on a yearly basis but witnessed 7.6% month-on-month decline in April 2022.
The country's imports from China stood at QR1.46bn, which accounted for 15.7% of the total imports; followed by the US QR1.23bn (13.3%), India QR0.69bn (7.5%), the UK QR0.55bn (6%) and Italy QR0.5bn (5.4%).
On a yearly basis, Qatar's imports from the UK soared 61.99%, China by 32.73%, Italy by 17.84%, India by 14.17% and the US by 13.64% in April 2022.
On a monthly basis, the country's imports from the US and India were seen dropping 29.3% and 2.94%; whereas those from China, the UK and Italy grew 8.25%, 8.2% and 1.21% respectively in the review period.
In April 2022, the group of "Turbojets, Turbo propellers and other gas turbines; parts thereof was at the top of the imported group of commodities with QR0.7bn, showing a 40% expansion on a yearly basis.
In second place was "Motorcars and other motor vehicles for the transport of people with QR0.4bn, showing a yearly increase of 12%.
In third place was "Electrical Apparatus for Line Telephony/Telegraphy, Telephones Sets and parts thereof" with QR0.3bn, registering a 5.8% year-on-year growth in the review period.