Qatar foreign merchandise trade surplus up 2.2 per cent in April 2013
In April 2013 Qatar’s trade balance of goods showed a surplus of QAR 35.2 billion, i.e. an increase of QAR 0.8 billion, (2.2 per cent) compared to the same period of 2012, accordint to the QSA.
QSA has released preliminary figures of the value of exports, re-exports and imports for April 2013. A short analysis by the QSA of the data is given below:
- In April 2013 the trade balance of goods showed a surplus of QAR 35.2 billion, i.e. an increase of QAR 0.8 billion, (2.2 per cent) compared to the same period of 2012.
- In April 2013 total exports (including exports of domestic goods and re-exports) revenues were reported to be QAR 43.2 billion, and the value of imports amounted to QAR 8.0 billion. The total value of exports and imports increased by 2.3 per cent and 2.8 per cent respectively, over the same period last year.
- Total exports' increase was mainly from "Petroleum gases and other gaseous hydrocarbons" that showed a rise of 5.1 per cent; however, the increase has been partially offset by a double digit drop in exports of "Petroleum oils & oils from bituminous minerals (crude)". The main countries of destination were Japan, South Korea and India. (Complete data on exports by countries of destination are not yet available for April 2013)
- "Cars & other passenger vehicles" and "Aircraft spare parts" were of the main imported products in April 2013. United States is the leading country of origin with a share of 13 per cent, followed by the United Arab Emirates with 10 per cent.
- 2014 in three words: deflation and lower returns
- How fear can be a good force in the workplace
- Housing and education costs eating away Dubai's tax-free benefits
- With World Cup under its sleeve, Qatar comes fourth in global slavery index
- The quiet overachiever: Is Oman going to do better than its GCC peers in 2015?