{"id":216145,"date":"2021-12-29T14:00:14","date_gmt":"2021-12-29T14:00:14","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=216145"},"modified":"2021-12-29T09:06:21","modified_gmt":"2021-12-29T09:06:21","slug":"qatars-trade-balance","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/qatars-trade-balance\/","title":{"rendered":"Qatar’s trade balance achieves surplus supported by gas exports"},"content":{"rendered":"

Qatar’s trade balance surplus reached a record high last November, increasing by 170 percent over November of last year 2020.<\/p>\n

The significant increase in the trade balance surplus comes as a result of a noticeable increase in gas exports and prices.<\/p>\n

According to the Qatar Planning and Statistics Authority<\/a>, the Qatari trade balance achieved a surplus of 24.5 billion riyals during November.<\/p>\n

Qatar’s trade balance<\/h2>\n

Thus, it recorded an increase of 170.6% compared to the same month of 2020, and a growth of 15.8% compared to October 2021.<\/p>\n

The authority stated that the total exports amounted to 34.3 billion riyals, an increase of 106.6%. Imports were about 9.8 billion riyals, a growth of 29.6%.<\/p>\n

Also, exports of petroleum gases and other gaseous hydrocarbons increased by 135.1% to reach 22.4 billion riyals.<\/p>\n

On a monthly basis, the value of Qatari exports increased by 13.9%, while imports grew by 9.6%.<\/p>\n

Qatar’s Partners<\/h2>\n

With regard to the most important trading partners of the State of Qatar, China came at the top of the destination countries for Qatari exports during November, with a value of 5.1 billion riyals, equivalent to 14.8% of the total value of Qatari exports. THen comes Japan with a value of 4.5 billion riyals, 13.1% of the total exports, followed by South Korea with 3.6 billion riyals, or 10.4%.<\/p>\n

In terms of imports, according to the main countries of origin, China ranked first in the countries of origin for Qatar’s imports during November with a value of approximately 1.8 billion riyals, or 18.8% of the total value of merchandise imports, then the United States of America with a value of 1.1 billion riyals, or 11.2%, followed by Germany with a value of 0.7 billion riyals , or 7.2%.<\/p>\n

In a related context, Standard & Poor’s, the credit rating agency, expected that Qatar’s domestic product would register a strong recovery by the end of this year 2021.<\/p>\n

Standard & Poor’s said that Qatar’s gross domestic product by the end of this year will rise by no less than 655 billion riyals ($180 billion).<\/p>\n

Qatari’s domestic product will make a strong recovery compared to the level recorded last year, which was estimated at 526 billion riyals ($144 billion), S&P said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Qatar’s trade balance surplus reached a record high last November, increasing by 170 percent over November of last year 2020. The significant increase in the trade balance surplus comes as a result of a noticeable increase in gas exports and prices. According to the Qatar Planning and Statistics Authority, the Qatari trade balance achieved a […]<\/p>\n","protected":false},"author":4,"featured_media":216149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278,684,7165],"class_list":["post-216145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-qatar","tag-trade"],"yoast_head":"\nQatar's trade balance achieves surplus supported by gas exports<\/title>\n<meta name=\"description\" content=\"BNReport| Qatar's trade balance surplus reached a record high last November, increasing by 170 percent over November of last year 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/qatars-trade-balance\/\" \/>\n<meta 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