Qatar’s trade balance surplus surges 10 percent in December – The Peninsula

Qatar’s trade balance surplus surges 10 percent in December – The Peninsula

The foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR28.2bn in December 2022, an increase of about QR2.6bn or 10.0 percent compared to December 2021, and increase by nearly QR2.0bn or 7.6 percent compared to November 2022.

The data of the Planning and Statistics Authority showed that the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 38.3bn in December 2022, showing an increase of 7.6 percent compared to December 2021, and increase of 3.1 percent compared to November 2022.

On other hand, the imports of goods in December 2022 amounted to around QR 10.1bn, showing an increase of 1.4 percent compared to December 2021 and decrease of 7.7 percent compared to November 2022.

The year on year (December 2022 vs. December 2021) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR26.2bn (approximately) in December 2022, i.e. an increase of 12.9 percent, Petroleum oils & oils from bituminous minerals (crude) reaching QR5.0bn nearly, increase by 12.8 percent, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching