Posted on August 29, 2015

The Ministry of Development Planning and Statistics (MDPS) has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for July 2015. A short analysis of the data is given below:

In July 2015, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR 23.5 billion, showing a decrease of 41.7% compared to July 2014. However, the total exports of goods decreased by 1.1% compared to June 2015. (Table 1).

On the other hand, the imports of goods in July 2015 amounted to QR 9.2 billion, showing an increase of 13.5% over July 2014. However, on a month on month (M-o-M) basis the imports decreased by 0.6%. (Table 1). In July 2015, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 14.3 billion, i.e. a decrease of QR 17.9 billion or 55.6% compared to July 2014. However, the trade balances of goods decreased by QR 0.2 billion or 1.4% compared to June 2015. (Table 1).

The year on year (July 2015 to July 2014) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 15.6 billion in July 2015, i.e. a decrease of 40.5%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 3.0 billion 57.8%, and Petroleum oils & oils from bituminous minerals (not crude) reaching QR 1.1 billion 57.7%. (Table 1).

Qatar foreign merchandise trade 2 [qatarisbooming.com].jpgIn July 2015, Japan was at the top of the countries of destination of Qatar’s exports with QR 4.7 billion, a share of 20.1% of total exports, followed by South Korea with QR 4.0 billion 17.1% and India with QR 3.7 billion 15.6%. (Table 2, Graph 1)

During July 2015, "Motor Cars & other Passenger Vehicles.”, was at the top of the imported group of commodities, with QR 0.8 billion, showing an increase of 3.8% compared to July 2014. In second place was Parts of aircraft and helicopters etc. with QR 0.4 billion, showing an increase of 120.3%, and in third place was Self-Propelled bulldozers, angledozers, graders, levelers etc., with QR 0.3 billion, Increased by 145.2%. (Table 1).

In July 2015, China was the leading country of origin of Qatar’s imports with QR 1.3 billion, a share of 14.3% of the imports, followed by United Arab Emirates with QR 0.8 billion 9.2%, and United States of America  with QR 0.8 billion 9.0%. (Table 2, Graph 2).

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