Qatar’s merchandise trade balance achieve surplus of QR25.1bn – The Peninsula

Qatar’s merchandise trade balance achieve surplus of QR25.1bn – The Peninsula

Doha: Qatar's merchandise trade balance, which represents the difference between total exports and imports, during last October achieved a surplus of QR25.1bn ($6.8bn), recording an increase of 3.9 billion riyals, or 18.5 percent year-on-year, compared to the same period last year, while it decreased by approximately 6 billion riyals, or 19.2 percent, compared to September 2022.

The data of the Planning and Statistics Authority on Sunday showed that the value of total Qatari exports (which includes exports of local origin and re-exports) during last October amounted to approximately QR38bn, an increase of 26.3 percent, compared to the same period last year, and a decrease of 10.3 percent. compared to the previous September (1 dollar = 3.6 Qatari riyals).

On the other hand, the value of merchandise imports increased to about QR12.9bn, an increase of 45 percent compared to October 2021, and an increase of 14.3 percent compared to last September.

With regard to the value of exports last October, compared to the same month of 2021, the value of exports of "oil gases and other gaseous hydrocarbons", which represent (liquefied natural gas, condensate, propane, butane, etc.), increased to reach about 25.5 billion riyals, or by 35.2 percent. "Petroleum oils and oils obtained from