Qatar’s foreign merchandise trade reaches QR35.4bn in August 2021
November 06 2021 08:36 PM
Qatar’s foreign merchandise trade reaches QR35.4bn in August 2021

Doha

Qatar's foreign merchandise trade stood at QR35.4bn in August 2021, showing a significant 67.2% year-on-year (y-o-y) increase from QR21.2bn, according to a Qatar Chamber newsletter, citing data from the Planning and Statistics Authority (PSA).
The newsletter, prepared by the chamber’s Research & Studies Department, reported that total exports of goods in August 2021 (including exports of goods of domestic origin and re-exports) amounted to QR27.3bn or a sharp 94.3% increase over QR14.1bn in August last year. Month-on-month (m-o-m), there was a slight 0.6% increase from QR27.5bn.
The imports of goods in August 2021 amounted to QR8.1bn, recording a m-o-m 2.9% growth from QR7.1bn, and a y-o-y increase of 13.6%.




Therefore, the country’s foreign merchandise trade balance, which represents the difference between total exports and imports, amounted to QR19.2bn, showing a surplus of QR12.27bn, an 177.4% increase compared to QR6.9bn in August 2020; however, it decreased by 2.02% m-o-m.
In August, China topped the countries of destination list for Qatar’s foreign trade with about QR6bn, a 17.05% share of the State’s total foreign trade, the newsletter also reported.



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