Doha: The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR37.1bn, showing an increase of 8.2 percent in November compared to the corresponding month last year and decrease of 2.4 percent compared to October 2022, according to the Planning and Statistics Authority preliminary figures on the value of exports of domestic goods, re-exports and imports for November 2022.
The imports of goods in November 2022 amounted to around QR10.9bn showing an increase of 11.7 percent compared to November 2021 and a decrease of 15.5 percent compared to October 2022.
In November 2022, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR26.2bn almost, i.e., an increase of about QR1.7bn or 6.7 percent compared to November 2021, and increase by nearly QR1.1bn or 4.3 percent compared to October 2022.
The year on year (November 2022 vs. November 2021) increase in total exports was mainly due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR24.7bn (approximately) in November 2022, i.e. an increase of 10.3 percent, Petroleum oils and oils from bituminous minerals (crude) reaching QR5.2bn nearly, increase by 28.3 percent, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching QR2.7bn, 5.9 percent increase.
In November 2022, China was at the top of the countries of destination of Qatar’s exports with close to QR7bn, a share of 18.9 percent of total exports, followed by India with almost QR4.3bn and a share of 11.5 percent, South Korea with about QR4.0bn, a share of 10.9 percent.
The year on year (November 2022 vs. November 2021), the group of “Turbojets, Turbopropellers & Other Gas Turbines; Parts Thereof” was at the top of the imported group of commodities, with QR0.7bn, showing an increase of 69.1 percent. In second place was “Motor Cars and Other Motor Vehicles for The Transport of Persons” with QR0.40bn, showing an increase of 39.4 percent and in third place was “Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof. “With QR0.38bn, increase of 15.8 percent.
In November 2022, United State of America was the leading country of origin of Qatar’s imports with about QR2.bn, a share of 18.5 percent of the imports, followed by China with QR1.6bn almost, a share of 15 percent, and India with QR0.6bn, a share of 5.9 percent.
