Qatar Reports $5.43 Billion Trade in August 2024

Qatar, 04 October, 2024 : Qatar recorded a trade surplus of QR19.8 billion ($5.43 billion) in August 2024, a 7.2% decrease compared to August 2023 and a 1.6% drop from July 2024, according to data from the National Planning Council.

Total exports, including domestic goods and re-exports, amounted to QR30 billion, down 4.6% year-on-year and 0.8% from July 2024. The decline was driven by lower exports of petroleum gases, crude oil, and other petroleum products.

Imports in August 2024 totaled QR10.2 billion, marking a 0.9% rise compared to August 2023 and a 0.8% increase from the previous month. The top import categories were gas turbines, motor vehicles, and aircraft parts.

China was the top destination for Qatar's exports (QR5.9 billion), followed by South Korea and India. The U.S. led as the main source of imports, accounting for 14% of the total, followed by China and Italy.

Source : www.zawya.com