The country’s trade balance surplus (which represents the difference between total exports and imports) increased during February of 2023 by 2.9 percent, reaching an amount of 22.9 billion Qatari riyals, recording an increase of 0.7 billion Qatari riyals, or 2.9 percent, compared to the same month of the year. The previous year 2022, and a decrease of 1.4 billion Qatari riyals, or 5.7 percent, compared to January 2023.
The Planning and Statistics Authority stated in its statements yesterday that the total value of Qatari exports, including exports of local origin and re-exports, amounted to 31 billion Qatari riyals during February 2023, a decrease of 2.2 percent compared to February 2022, and a decrease of 8.7 percent compared to January. 2023.
The data of the Planning and Statistics Authority attributed the increase in exports to the increase in the value of exports of oil gases and other gaseous hydrocarbons, which represent (liquefied natural gas, condensate, propane, butane, etc.), to reach about 19.6 billion Qatari riyals, or by 3.7 percent.
On the other hand, the value of exports of petroleum oils and oils obtained from non-crude bituminous mineral materials decreased to reach approximately 4.8 billion Qatari riyals, or by 11.9 percent. .
With regard to Qatari imports, the Planning and Statistics Authority stated that during February of this year, they amounted to 8.1 billion Qatari riyals, a decrease of 14.3 percent compared to February 2022, and a decrease of 16.4 percent compared to January 2023.
The Planning and Statistics Authority said that a group of jet turbines, propeller turbines, other gas turbines and their parts came at the top of the list of commodity imports, with a value of 0.6 billion Qatari riyals, an increase of 39.5 percent, followed by a group of “cars and other vehicles designed primarily for the transport of people” with a value of 0.29. Approximately one billion Qatari riyals, a decrease of 40.1 percent, and the group “Electrical devices for telephone (telephone) or wired telegraph, including network transmission devices, and their parts” with a value of 0.27 billion Qatari riyals, an increase of 19.7 percent.
Asian countries accounted for the first place for the countries of destination for Qatari exports during the month of February, as China, South Korea and India accounted for 48.6 percent of the total exports, while China accounted for the top countries of origin for the imports of the State of Qatar during the month of February of this year with a rate of 15.6 percent of the total. The value of merchandise imports, then the United States of America, by 13.1 percent, followed by India, by 6.9 percent.
