The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports and imports for September 2014. A short analysis of the data is given below:
In September 2014, the total exports of goods (including exports of domestic origin and re-exports) amounted to QR 36.1 billion, showing a decrease of 13.4% compared to the corresponding month of 2013 (Table 1). On the other hand, the imports of goods in September 2014 amounted to QR 9.8 billion, showing an increase of 10.5% over the value recorded in the same month last year (Table 1). In September 2014, the trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR 26.3 billion, showing a decrease of QR 6.5 billion or 19.9% compared to September 2013 (Table 1).
The year on year (September 2014 to September 2013) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 21.9 billion in September 2014, i.e. a decrease of 12.1% compared to September 2013, and Petroleum oils & oils from bituminous minerals (crude) reaching QR 6.2 billion (20.1%), and Petroleum oils & oils from bituminous minerals (not crude) to reach QR 2.2 billion (26.0%) (Table 1).
In September 2014, Japan topped the export destination with QR 8.0 billion, a share of 22.2% of total exports, South Korea with QR 6.3 billion (17.5%), then India with QR 5.2 billion (14.5%) (Table 2, Graph 1).
During September 2014, Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 0.8 billion, showing an increase of 7.5% compared to September 2013. In second and third place were imports of Motor Vehicles For The Transport Of Goods with QR 0.2 billion, increased by 58.3%, and Electrical Apparatus For Line Telephony/Telegraphy, telephone sets etc.; parts thereof with QR 0.2 billion, increased by 11.5% (Table 1).
In September 2014, United States of America was the leading country of origin of Qatar’s imports with QR 1.4 billion, a share of 14.5% of the imports, followed by China with QR 1.0 billion (10.2%), and Germany with QR 0.8 billion (7.7%) (Table 2, Graph 2).
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