Posted on March 30, 2014

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

  • In February 2014, total exports of goods (including exports of domestic origin and re-exports) amounted to QR 43.3 billion, showing an increase of 2.6% compared to the total export value of the corresponding month of 2013.
  • On the other hand, the imports of January 2014 amounted to 8.3 billion, an increase of 4.5% over the value recorded in the same month last year.
  • In February 2014, the trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR 35.0 billion, an increase of QR 0.8 billion (2.2%) compared to the trade balance of goods of February 2013.
  • The year on year (February 2014 to February 2013) rise in total exports was due to higher exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 30.1 billion in February 2014, i.e. an increase of 8.9% compared to February 2013, and Petroleum oils & oils from bituminous minerals (not crude) to reach QR 1.5 billion (13.0%); however, the increase was partially offset by the drop in exports of Petroleum oils & oils from bituminous minerals (crude) to reach QR 6.5 billion (11.5%). In February 2014, the major countries of destination for Qatar’s exports were Japan with QR 12.7 billion, a share of 29% of total exports, South Korea with QR 10.4 billion (24%), and India with QR 5.4 billion (12%).
  • The group Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 0.6 billion in February 2014, showing a decrease of 16.0% compared to February 2013, followed by Aircraft spare parts with QR 0.5 billion, increased by 12.6%, and Telephone sets with QR 0.2 billion, increased by 19.5%. In February 2014, United States of America was the leading country of origin with QR 0.9billion, a share of 11% of the imports, followed by China with QR 0.9 billion (11%), United Arab Emirates with QR 0.7 billion (8%).

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