{"id":222225,"date":"2022-03-27T23:55:17","date_gmt":"2022-03-27T23:55:17","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=222225"},"modified":"2022-03-27T18:46:26","modified_gmt":"2022-03-27T18:46:26","slug":"qatars-trade-balance-3","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/qatars-trade-balance-3\/","title":{"rendered":"Qatar&#8217;s trade balance continues its big jump in February"},"content":{"rendered":"<p style=\"text-align: justify\"><b>Doha<\/b><strong>, (Business News Report)|| <\/strong>Qatar&#8217;s trade balance continues its big leaps, to record in February an increase of 69.5% compared to the same month last year 2021.<\/p>\n<p style=\"text-align: justify\">According to official data issued by the <a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwjU0oK39-b2AhXPqqQKHY20CVQQFnoECAsQAQ&amp;url=https%3A%2F%2Fwww.psa.gov.qa%2Fen%2FPages%2Fdefault.aspx&amp;usg=AOvVaw1L3dyiuUE8NfJXIS51IvVN\">Qatar Planning and Statistics Authority<\/a>, the trade balance in February reached 22.4 billion riyals ($6.15 billion) on an annual basis, supported by the growth of exports and the rise in international gas prices.<\/p>\n<p style=\"text-align: justify\">The value of Qatari exports, which include exports of local origin and re-exports, amounted to 31.9 billion riyals, &#8220;an increase of 54.6% compared to February 2021, and a decrease of 10.3% compared to last January.&#8221;<\/p>\n<p style=\"text-align: justify\">According to data from the Qatari Ministry of Planning, Qatar&#8217;s trade balance (the difference between total exports and imports) last month recorded a surplus of more than 22 billion riyals, compared to 13.22 billion riyals ($3.65 billion) in the same month of 2021.<\/p>\n<p style=\"text-align: justify\">The improvement of Qatar\u2019s trade surplus on an annual basis is an indication of the Qatari economy\u2019s recovery from the pandemic and improvement of global demand for natural gas on a monthly basis.<\/p>\n<p style=\"text-align: justify\">However, the trade surplus decreased by 13.5% in February, compared to a surplus of 25.89 billion riyals ($7.15 billion) in last January.<\/p>\n<p style=\"text-align: justify\">The government report showed an increase in the value of merchandise imports by 28.1%, to reach about 9.5 billion riyals on an annual basis, while it decreased by 1.9% on a monthly basis.<\/p>\n<p style=\"text-align: justify\">By annual comparison, exports of liquefied natural gas, condensate, propane, butane and others rose to about 18.9 billion riyals, a rate of 41.7%. Exports of petroleum oils and oils of crude bituminous mineral materials increased by 120% to nearly 5.5 billion riyals.<\/p>\n<p style=\"text-align: justify\">China ranked first in the countries of destination for Qatar&#8217;s exports during the past month, with a rate of 22.2%, or 7.1 billion riyals, followed by Japan with 5.3 billion and 16.6%, then South Korea with 3.7 billion riyals, or 11.7%.<\/p>\n<p style=\"text-align: justify\">In terms of imports by main countries of origin, China came at the forefront of Qatar&#8217;s imports with 1.7 billion riyals, or 17.7%, then the United States with 9.9%, equivalent to 900 million riyals, followed by Italy with 700 million riyals, or 7.3%.<\/p>\n<p style=\"text-align: justify\">It is noteworthy that Qatar&#8217;s merchandise trade balance surplus rose in 2021 by 130.4% to QR 215.2 billion on an annual basis, supported by the growth of exports and the rise in demand for gas.<\/p>\n<p style=\"text-align: justify\">Qatar is the world&#8217;s largest exporter of liquefied natural gas, and has a stable market share compared to other exporters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Doha, (Business News Report)|| Qatar&#8217;s trade balance continues its big leaps, to record in February an increase of 69.5% compared to the same month last year 2021. According to official data issued by the Qatar Planning and Statistics Authority, the trade balance in February reached 22.4 billion riyals ($6.15 billion) on an annual basis, supported [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":222227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[604],"tags":[278,684,7165],"class_list":["post-222225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-featured","tag-qatar","tag-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Qatar&#039;s trade balance continues its big jump in February| BNReport<\/title>\n<meta name=\"description\" content=\"BNReport| Qatar&#039;s trade balance continues its big leaps, to record in February an increase of 69.5% compared to the same month in 2021.\" 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