Doha: Qatar recorded a merchandise trade balance surplus (difference between total exports and imports) in Q3 2022 of QR107.3bn up from QR57.8bn in Q3 2021, an increase of 85.6 percent.
The Planning and Statistics Authority (PSA) issued the press release on "Quarterly Foreign Merchandise Trade Statistics, Q3 2022 State of Qatar", comprising quarterly data on imports, exports, re-exports, and trade balance. The bulletin presents detailed statistics of the foreign merchandise trade of Qatar by commodity and partner country. Quarter-on-Quarter (Q-o-Q) percentage changes are also provided.
Total Exports: In Q3 2022, the value of Qatar's total exports (including exports of domestic goods and re-exports) amounted to QR138.8 billion, increased by QR56.2bn (68.0 percent) compared to Q3 2021 which amounted total exports of QR82.6bn. And increased by nearly QR 12.8bn or 10.2 percent compared to Q2 2022.
The Q3 2022 year on year (Y-o-Y) increase in total exports was mainly due to higher exports of Mineral fuels, lubricants and related materials by QR54.2bn (77.1 percent), Chemicals and Related Products n.e.s. by QR1bn (13.2 percent), Manufactured Goods Classified Chiefly By Material by QR 0.6bn (36.6 percent), Miscellaneous Manufactured Articles by QR0.4bn (184.2 percent). On other hand decreases was recorded mainly in Machinery and Transport Equipment by QR 0.03bn (1.6 percent), Food and Live Animals by QR0.002bn (7.7 percent).
Imports: The value of Qatar's imports in Q3 2022 was QR31.5bn; increased by QR6.7bn (27.1 percent) compared to Q3 2021 imports of QR24.8bn. And increased by nearly QR4.1bn or 15.0 percent compared to Q2 2022. (Tables 1, 2)
The Q3 2022 (Y-o-Y) increase in imports values is mainly due to increases in Miscellaneous Manufactured Articles by QR1.9bn (44.8 percent), Machinery and Transport Equipment by QR1.6bn (16.2 percent), Food and Live Animals by QR1.3bn (56.0 percent), Manufactured Goods Classified Chiefly by Material by QR0.8bn (21.3 percent), Chemicals and Related Products n.e.s. by QR0.7bn (26.9 percent), Mineral Fuels, Lubricants and Related Materials by QR0.3bn (142.7 percent). On other hand no significant decrease was recorded in Q3 2022.
Major Export/Import Partners: During Q3 2022, Asia was the principal destination of Qatar's exports and the first origin of Qatar's imports, representing 60.5 percent and 40.1 percent respectively, followed by the European Union, accounting for 28.1 percent and 26.4 percent respectively, and GCC, with 8.3 percent and 6.2 percent respectively.
