2023-10-28 23:19:18
The Planning and Statistics Authority issued its preliminary report on foreign trade statistics for the month of September 2023. The report includes data on exports (of local origin and re-exports) and imports. The following is a brief presentation of the data:
During September 2023, the value of total exports (which includes exports of local origin and re-exports) amounted to approximately 29.3 billion riyals, a decrease of 30.9% compared to data for September 2022, and a decrease of 6.8% compared to August 2023.
On the other hand, the value of merchandise imports decreased during September 2023, reaching regarding 9.4 billion riyals, a decrease of 16.7% compared to data for September 2022, and a decrease of 6.5% compared to August 2023.
In light of this, the merchandise trade balance, which represents the difference between total exports and imports during the month of September 2023, achieved a surplus of 19.9 billion riyals, thus recording a decrease of 11.2 billion riyals, or 36.1%, compared to data for September of the previous year 2022 and a decrease of 1.5 billion. Approximately 7.0% riyal compared to August 2023.
Comparing the month of September 2023 with data for September 2022, the value of exports of “oil gases and other gaseous hydrocarbons,” which represents (liquefied natural gas, condensates, propane, butane, etc..) decreased to regarding 16.7 billion riyals, or by 44.7%, and the value of “petroleum oils” increased. And oils from raw continental mineral materials” to reach approximately 5.4 billion Qatari riyals, at a rate of 12.7%. The value of exports of “petroleum oils and oils obtained from non-raw continental mineral materials” increased to reach regarding 3.2 billion Qatari riyals, at a rate of 4.1%.
In terms of exports according to the main destination countries, China ranked first among the destination countries for Qatar’s exports during the month of September 2023, with a value of approximately 5.0 billion riyals, or 17.0% of the total value of exports, followed by South Korea, with a value of approximately 3.44 billion riyals, or 11.8%. Of the total value of exports, then India, with a value of approximately 3.42 billion riyals, or 11.7%.
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