Posted on July 02, 2014

The Ministry of Development Planning and Statistics have released preliminary figures of the value of exports domestic goods, re-exports and imports for May 2014. A short analysis of the data is given below:

In May 2014, total exports of goods (including exports of domestic origin and re-exports) amounted to QR 42.1 billion, showing an increase of 7.3% compared to the total export value of the corresponding month of 2013. On the other hand, the imports of goods in May 2014 amounted to QR 8.8 billion, an increase of 5.7% over the value recorded in the same month last year. In May 2014, the trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR 33.3 billion, an increase of QR 2.4 billion 7.8% compared to the trade balance of goods of May 2013.

The year on year (May 2014 to May 2013) rise in total exports was due to higher exports of petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 27.2 billion in May 2014, i.e. an increase of  10.7% compared to May 2013, and Petroleum oils & oils from bituminous minerals (not crude) reaching QR 2.3 billion (4.2%). on the other hand, Petroleum oils & oils from bituminous minerals (crude) showed a decrease of QR 6.9 billion 6.0%.

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In May 2014, the major countries of destination for Qatar’s exports were Japan with QR 9.3 billion, a share of 22.1% of total exports, South Korea with QR 7.3 billion (17.3%), and India with QR 5.7 billion (13.5%). During May 2014, Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 0.5 billion, showing a decrease of 22.4% compared to May 2013. In second and third place were imports of Iron ores and concentrates, incl. roasted iron pyrites reaching QR 0.5 billion, increased by 96.0%, and Aircraft spare parts with QR 0.4 billion, decreased by 10.7%.

In May 2014, China was the leading country of origin of Qatar’s imports with QR 0.9 billion, a share of 10.3% of the imports, followed by USA with QR 0.87 billion (9.9%), and UAE with QR 0.8 billion (8.8%).

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