DOHA: The Ministry of Development Planning and Statistics of Qatar has announced that Qatar’s trade surplus was 7.4 billion Qatar riyals (Dh7.44 billion) in February. Qatar’s exports in February were 17 billion riyals, a 32.5 per cent decline year-on-year. It represents a decline of 4.8 per cent compared to January 2016.
Revenue from gas and hydrocarbons exports declined in February to 10.2 billion riyals. Imports meanwhile were 9.6 billion riyals, a 10.1 per cent decline compared to January 2016. Japan was the top destination for Qatari exports, with 17.2 per cent of total exports, followed by South Korea, which imported 15.7 per cent of Qatar’s exports. India was in third place, accounting for 13.6 per cent of the exports.
As for imports, Qatar relied on the US for 12.1 per cent of its needs. China was in second place, with 10.3 per cent of Qatar’s imports coming from there, while UAE’s products represented 9.4 per cent of Qatar’s imports.
