Qatar's Trade Balance Achieves Surplus of 25.6 percent Last September

Doha, October 27 (QNA) - The State of Qatar's commodity trade balance surged by QR15.5 billion last September, up by QR 3.1 billion or 25.6 percent compared to the same month last year, a decrease of 11.8 percent compared to August of last year. In its preliminary report on foreign trade statistics for September, the Ministry of Development Planning and Statistics indicated that the value of total Qatari exports (including exports of local origin and re-exports) amounted to QR 26.8 billion , an increase of 30.2 percent compared to the same month of last year, with up 1.5 percent from August this year. The Ministry noted the increase in the value of commodity imports to reach about QR11.4 billion by 37.0 percent compared to the same period last year, and by 27.7 percent compared to August this year. In comparison to September last year, exports of "Gases and other hydrocarbons" increased to QR 16.8 billion, an increase of 47.4%. The value of exports of " oils and oils obtained from non-ferrous mineral raw materials" increased by 55.3 percent, recording about QR 2.6 billion , while the value of "oils and oils of raw materials of the continental crude" decreased by 6.4 percent to QR 4.2 billion . Japan was the top destination country for the exports of the State of Qatar last September worth about QR 4.7 billion, or 17.5 percent of the total value of Qatari exports, followed by South Korea by about QR 4.2 billion , or 15.7 percent, and India by QR 4 billion, Approximately 15.1 percent. On imports side, the United States topped the list of countries of origin for the imports of the State of Qatar during September this year at a value of about QR 4 billion, or 35.3 percent of the total value of commodity imports, followed by China with QR 1.1 billion, equivalent to 10.0 percent, followed by Germany with a value of QR 0.7 billion, or 6.5 percent. (QNA)