Posted on March 27, 2016

The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports, and imports for February 2016. A brief analysis of the data is given below:

In February 2016, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR17.0 billion, showing a decrease of 32.5% compared to February 2015. And decreased by 4.8% compared to January 2016. )Table 1). On other hand, the imports of goods in February 2016 amounted to QR 9.6 billion, showing a increase of 3.5% over February 2015. However, on a month on month (M-o-M) basis the imports decreased by 10.1%. )Table 1).

In February 2016, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 7.4 billion, i.e. a decrease of QR 8.5 billion or 53.5% compared to February 2015. And increased by QR0.2 billion or 3.0% compared to January 2016. (Table 1).

The year on year (February 2016 to February 2015) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 10.4 billion in February 2016, i.e. a decrease of 41.2%, Petroleum oils & oils from bituminous minerals (crude) reaching QR 2.2 billion, decreased by 31.5%, as well as the Petroleum oils & oils from bituminous minerals (not crude) reaching QR 0.7 billion, decreased by 34.5%. (Table 1).

In February 2016, Japan was at the top of the countries of destination of Qatar’s exports with QR 2.9 billion, a share of 17.2% of total exports, followed by and South Korea with QR 2.7 billion and a share of 15.7%, India with QR 2.3 billion, a share of 13.6%. (Table 2, Graph 1)

During February 2016, Motor cars & other passenger vehicles, was at the top of the imported group of commodities, with QR 0.8 billion, showing a decrease of 0.1% compared to February 2015. In second place was Parts of aircraft and helicopters etc. with QR 0.6 billion, showing an increase of 47.9%, and in third place was Electrical Apparatus For Line Telephony/Telegraphy, Telephone Sets Etc.; Parts Thereof. with QR 0.2 billion, decreased by 9.7%. (Table 1).

In February 2016, United States of America was the leading country of origin of Qatar’s imports with QR 1.2 billion, a share of 12.1% of the imports, followed by China with QR 1.0 billion, a share of 10.3%, and United Arab Emirates with QR 0.9 billion, a share of 9.4%. (Table 2, Graph 2).

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