Qatar Reports $5.52 Billion Trade Surplus in July 2024

Qatar, 2 September, 2024 : The National Planning Council has released preliminary trade figures for July 2024, revealing a trade surplus of QR20.1 billion. This represents a 2.5% increase from July 2023 and a 2.9% rise from June 2024.

Total exports of goods, including domestic and re-exports, reached QR30.2 billion in July 2024, up 3.9% year-on-year and 2.5% from the previous month. Imports amounted to QR10.1 billion, marking a 6.8% increase from July 2023 and a 1.8% rise from June 2024.

The increase in exports was driven primarily by petroleum gases and other gaseous hydrocarbons, which reached QR17.6 billion, up 3.7% from the previous year. In contrast, exports of petroleum oils (crude) decreased by 8.3% to QR4.9 billion.

China was the top destination for Qatar’s exports at QR5.9 billion, followed by South Korea with QR3.8 billion and India with QR3.7 billion. The leading imported commodities included turbojets and gas turbines, though imports in this category decreased by 31.4%.

China also led as the source of Qatar’s imports, totaling QR1.5 billion, with the United States and Japan following. The data highlights Qatar’s robust trade performance and its growing economic ties with key international partners.

Source : www.zawya.com