Qatar’s Trade Balance Surplus Drops 19.6%

Qatar’s Trade Balance Surplus Drops 19.6%

Qatar Planning and Statistics Authority issued its preliminary report on foreign trade statistics for March, which showed a decline in the merchandise trade balance surplus of 19.6 percent in March on an annual basis.

Total exports of goods, including exports of goods of domestic origin and re-exports, amounted to approximately QR30.9 billion, a decrease of 15.5 percent annually and a decrease of 0.6 percent every month.

The imports of goods fell in March to about QR9.6 billion, a 4.6 percent drop compared to the same month last year and an increase of 18.1 percent compared to last February.

In March 2023, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 21.3 billion almost, a decrease of about QR 5.2 billion or 19.6 percent compared to March 2022, and a drop by nearly QR 1.6 billion or 7.2% compared to February 2023.

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