Imports rise, balance of merchandise trade drops

January 01, 2013 - 1:14:31 am

DOHA: Qatar’s total exports in Q3, 2012 have increased by 7.3 percent compared to a year ago. The country’s total export value reached QR118.5bn in the Q3 against the QR110.47bn during the corresponding period in 2011.

However, total exports of Q3 2012 showed a drop of 0.3 percent compared to the previous quarter, Qatar Statistics Authority (QSA) said yesterday. 

Qatar’s total imports of Q3 2012 were QR 26.626bn,an increase of 10.7 percent compared with the previous quarter and 30.9 percent compared with the corresponding quarter of 2011.  Consequently, the balance of merchandise trade in Q3 2012 dropped to QR 91.88bn compared with QR 94.87bn for Q2 2012. 

Japan continued to be the highest importer with 27 percent, followed by South Korea with 22 percent, India 10 percent, China six percent and Taiwan with five percent. LNG, crude oil and condensates represent the most important commodities exported during Q3.  The US and China were the most important countries of origin in Q3 2012. Imports from the US represented 10 percent and China seven percent, followed by Japan six percent, UAE and Germany shared five percent each of the imports total value. The key five commodities imported during Q3 2012 are the newly registered vehicles at QR2.7bn,  airplanes and helicopters spare parts at QR983m, iron ores at QR861m, aluminium oxide at QR 383m,  pebbles, gravel, broken or crushed stone at QR376m.

The Peninsula