Qatar May Trade Surplus Rises 7.8 pct to 33.3 Billion Riyal

Doha, July 01 (QNA) – Qatar’s foreign trade surplus rose to 33.3 billion riyals (USD 9.2 billion) in May from 30.9 billion riyals a year ago.

A statement of the Ministry of Development Planning and Statistics said on Tuesday that exports of petroleum gases and other gaseous hydrocarbons increased 10.7 percent year-on-year to 27.2 billion riyals in May.

In May 2014, the major countries of destination for Qatar’s exports were Japan with QR 9.3 billion, a share of 22.1% of total exports, South Korea with QR 7.3 billion (17.3%), and India with QR 5.7 billion (13.5%).

During May 2014, Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 0.5 billion, showing a decrease of 22.4% compared to May 2013. In second and third place were imports of Iron ores and concentrates, incl. roasted iron pyrites reaching QR 0.5 billion, increased by 96.0%, and Aircraft spare parts with QR 0.4 billion, decreased by 10.7%.

In May 2014, China was the leading country of origin of Qatar’s imports with QR 0.9 billion, a share of 10.3% of the imports, followed by USA with QR 0.87 billion (9.9%), and UAE with QR 0.8 billion (8.8%). (QNA)

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