DOHA: Qatar posted a trade balance of QR33.8bn in July 2013, down 2.6 percent year-on-year. However, the trade balance of goods showed a surplus of QR32.9bn in July compared to the previous month. In July 2013, total exports of goods, including exports of domestic original and re-exports, revenues were reported to be QR41.3bn, and the value of imports amounted to QR8.4bn. The total amount of exports decreased by 1.6 percent while the imports increased by 2.7 percent, compared to the same period of last year.
Qatar’s total exports increase was mainly from Petroleum Oils & Oils from Bituminous Minerals (Crude) that showed a rise of 13.5 percent compared to July 2012; however, the increase has been partially offset by the drop in exports of Petroleum Gases and other Gaseous hydrocarbons, and petroleum oils & oils from Bituminous Minerals (not Crude). The main countries of destination were Japan with a share of 28 percent of total exports, followed by South Korea and India with 14 percent and 11 percent respectively. Motor cars and other passenger vehicles, telephone sets, mobile phone handsets and aircraft spare parts were of the main imported products in July 2013. China and the US were leading countries of origin with a share of 10 percent of total imports each, followed by the UAE with a share of seven percent.