Qatar's trade surplus surges by 62.2%

28/02/2017 06:06 AST

Qatar’s trade surplus surged by a stupendous 62.2 percent or QR4.2bn in January on year-on-year and reached QR11bn. The trade balance surplus increased by nearly QR0.2bn or 2.3 percent compared to December 2016, according to preliminary figures released by the Ministry of Development Planning and Statistics (MDPS).

In January 2017, the total exports of goods, including exports of goods of domestic origin and re-exports, amounted to around QR20.3bn, an increase of 16.2 percent compared to January 2016, and increased by 5.3 percent on month-on-month.

The imports of goods in January 2017 amounted to around QR9.3bn, showing decrease of 12.9 percent over January 2016. However, on a month on month (M-o-M) basis the imports increased by 9.1 percent.

The year-on-year increase in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) that touched QR13.3bn, an increase of 13.7 percent.

In January 2017, Japan was at the top destination of Qatar’s exports with close to QR4.4bn, a share of 21.8 percent. of total exports, followed by South Korea (QR3.5bn)with a share of 17.3 percent and India with about QR2.4 bn, accoutning for 11.9 percnt of the total exports during the month.


The Peninsula

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Recent News

Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap