Posted on September 30, 2014

The Ministry of Development Planning and Statistics have released preliminary figures of the value of exports of domestic goods, re-exports and imports for August 2014. A short analysis of the data is given below:

In August 2014, the total exports of goods (including exports of domestic origin and re-exports) amounted to QR 40.8 billion, showing an increase of 0.3% compared to the corresponding month of 2013; Table(1). On the other hand, the imports of goods in August 2014 amounted to QR 9.3 billion, an increase of 17.5% over the value recorded in the same month last year; Table(1). In August 2014, the trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR 31.5 billion, a decrease of QR 1.3 billion or 3.9% compared to August 2013; Table(1).

The year on year (August 2014 to August 2013) rise in total exports was mainly due to higher export of Other Groups of Commodities such as polymers of ethylene in primary forms, unwrought aluminum, acyclic hydrocarbons,…etc., reaching QR 5.3 billion in August 2014, i.e. an increase of 29.2% compared to August 2013,and re-exports to reach QR 0.7 billion (105.3%); however, the increase in total exports was partially offset by the drop in exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching QR 26.2 billion in August 2014, i.e. a decrease of 0.7% compared to August 2013, Petroleum oils & oils from bituminous minerals (not crude) reaching QR 2.1 billion (11.6%), and Petroleum oils & oils from bituminous minerals (crude) to reach QR 6.6 billion (12.8%);Table(1).

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In August 2014, Japan topped the export destination QR 10.1billion, a share of 24.8% of total exports, followed by South Korea with QR 6.0 billion (14.8%), and India with QR 5.6 billion (13.6%). Table(2), Graph(1). During August 2014, Motor cars & other passenger vehicles was at the top of the imported group of commodities, with QR 0.8 billion, showing an increase of 9.6% compared to August 2013. In second and third place were imports of Insulated Wire, Cable (Incl. Coaxial Cable) Etc Optical Fiber Cables with QR 0.2 billion, increased by 82.0%, and Electrical Apparatus For Line Telephony/Telegraphy, telephone sets etc.; parts thereof with QR 0.2 billion, increased by 22.7%; Table(1).

In August 2014, China was the main countries of origin with QR 1.1 billion, a share of 11.8% of the imports, followed by UAE with QR 0.8 billion (8.3%), and USA with QR 0.7 billion (8.0%); Table(2), Graph(2).

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