Posted on January 04, 2020

Australia’s annual bilateral goods and services trade with Qatar has reached a new all-time high of QR5.8bn, according to the Australian Bureau of Statistics.

Two-way trade grew 28 percent year-on-year and has increased four-fold over the past decade. Qatar has consolidated its place as Australia’s second largest trading partner in the Middle East and North Africa (MENA) region. Qatar’s export services to Australia also grew strongly at 28 percent year-on-year to QR1.93bn.

Australian Ambassador Jonathan Muir said: “These numbers are a sign the economic relationship is in good shape and that Australian companies remain strongly engaged in Qatar.” “The fact that trade was evenly balanced indicates strong complementarities between our economies and that the relationship delivers economic benefit to both countries.”

source: The Peninsula