The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports and imports for October 2014. A short analysis of the data is given below:
In October 2014, the total exports of goods (including exports of domestic origin and re-exports) amounted to QR 35.5 billion, showing a decrease of 7.1% compared to the corresponding month of 2013. Table(1) On the other hand, the imports of goods in October 2014 amounted to QR 9.6 billion, showing an increase of 17.3% over the value recorded in the same month last year. Table(1) In October 2014, the trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR 26.0 billion, showing a decrease of QR 4.1 billion or 13.7% compared to October 2013. Table(1)
The year on year (October 2014 to October 2013) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 22.1 billion in October 2014, i.e. a decrease of 5.7% compared to October 2013, Petroleum oils & oils from bituminous minerals (crude) reaching QR 5.6 billion (25.1%), and Petroleum oils & oils from bituminous minerals (not crude) to reach QR 1.8 billion (15.0%). Table(1)
In October 2014, Japan topped the export destination with QR 8.1 billion, a share of 22.9% of total exports, South Korea with QR 5.6 billion (15.8%), then India with QR 4.5 billion (12.5%). Table(2), Graph(1) During October 2014, Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 0.8 billion, showing an decrease by 23.0% compared to October 2013. In second and third place were imports of Parts Of balloons Etc.; Parts Of Aircraft, Spacecraft Etc. with QR 0.5 billion, decreased by 25.9%, and Insulated Wire, Cable (Incl. Coaxial Cable) Etc.; Optical Fiber Cables with QR 0.4 billion, increased by 179.9% . Table(1)
In October 2014, United States of America was the leading country of origin of Qatar’s imports with QR 1.0 billion, a share of 10.4% of the imports, followed by China with QR 0.9 billion (9.8%), and Japan with QR 0.8 billion (8.2%). Table(2), Graph(2)
For more information, please, visit our website: http://ftp.qsa.gov.qa:8088/
Click here to view the tables and graphs.