India emerges as Qatar’s biggest export destination
QATAR exported goods worth QR15.3 billion and imported products worth QR8.3 billion in October, recording a surplus of QR7 billion, data from the Planning and Statistics Authority (PSA) show.
The trade surplus registered in October represents an increase of QR600 million or 9.5 percent from September but a decline of 39.6 percent from a year ago.
Qatar’s exports and imports in October surged 14.1 percent and 18.3 percent respectively from September. On the other hand, the year-on-year figures show decline in both exports and imports in October 2020 23.5 percent and 1 percent respectively
The PSA attributed the year-on-year decrease in exports primarily to reduced shipments of petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.). They stood at QR9.7 billion in October 2020, down 18.1 percent from the previous month.
Exports of petroleum oils and oils from bituminous minerals (crude) in October went down 39.6 percent to QR2.1 billion , while that of petroleum oils and oils from bituminous minerals (not crude) dove 62.4 percent to QR500 million.
India emerged as Qatar’s largest export destination in October, accounting for QR2.6 billion or a share of 16.6 percent. It is followed by Japan and China with almost QR2.3 billion (14.8 percent) each.
Turbojets, turbo propellers, gas turbines and their parts formed the bulk of Qatar’s imports in October, accounting from QR600 million. This is an increase of 46 percent from a year ago.
Qatar also imported parts of planes and helicopters worth QR 300 million and cars and other transport vehicles worth QR200 million.
In October, Qatar imported the highest share of the goods from the US, which accounted for QR1.2 billion or a share of 14.7 percent of the total imports of Qatar. It is followed by China with QR1 billion (12 percent) and India with QR500 billion (5.8 percent).