Posted on April 29, 2015

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

In March 2015, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR 26.6 billion, showing a decrease of 40.7% compared to March 2014. However, the total exports of goods decreased by 3.3% compared to February 2015. (Table 1) On the other hand, the imports of goods in March 2015 amounted to QR 10.1 billion, showing an increase of 9.9% over March 2014. However, on a month on month (M-o-M) basis the imports increased by 9.0%. (Table 1)

In March 2015, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 19.1 billion, i.e. a decrease of QR 16.5 billion or 53.7% compared to March 2014. However, the trade balance of goods decreased by QR 1.7 billion or 9.6% compared to February 2015. (Table 1)

The year on year (March 2015 to March 2014) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 17.4 billion in March 2015, i.e. a decrease of 43.5%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 3.5 billion (52.1%), and Petroleum oils & oils from bituminous minerals (not crude) reaching QR 1.2 billion) 36.9%. (Table 1)

Qatar foreign merchandise trade 2 [qatarisbooming.com].jpgIn March 2015, Japan was at the top of the countries of destination of Qatar’s exports with QR 6.0 billion, a share of 22.6% of total exports, followed by South Korea with QR 4.9 billion (18.4%) and India with QR 2.6 billion (9.6%). (Table 2, Graph 1)

During March 2015, Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 1.0 billion, showing an increase of 16.5% compared to March 2014. In second place was Parts of aircraft and helicopters etc. with QR 0.6 billion, showing a decrease of 21.5%, and in third place was Electrical apparatus for line telephony/telegraphy, telephone sets etc.; Parts thereof  with QR 0.4 billion, increased by 77.1%. (Table 1)

In March 2015, China was the leading country of origin of Qatar’s imports with QR 1.2 billion, a share of 11.7% of the imports, followed by United States of America with QR 1.1 billion (10.9%), and United Arab Emirates with QR 0.9 billion (9.1%). (Table 2, Graph 2)

For more information, please, visit our website: http://ftp.qsa.gov.qa:8088/

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