Qatar reports QAR 96 bn trade surplus in Q2 '14

Qatar's Ministry of Development, Planning and Statistics announced Wednesday that the foreign trade balance tilted in favor of Qatar by QAR 96.1 billion (nearly USD 26.36 billion) in the second quarter of 2014, compared to QAR 98.4 billion in the corresponding period last year.
The value of the country's exports in Q2, 2014, including the locally-manufactured and re-exported goods, hit 122.9 billion riyals, increasing by 0.6 billion riyals or 0.5 percent from Q2, 2013, according to the quarterly bulletin of the Ministry.
Meanwhile, the country's imports in Q2, 2014, went up to QAR 26.8 billion from QAR 23.8 billion, which represents a 12.5-percent increase.
Asian countries are the biggest destination of Qatar's exports and the biggest origin of the country's imports in this period while the EU and the GCC represented the second and third biggest trade partners of Qatar respectively.