Qatar's Trade balance in surplus of QR7.4 bn in February

The Ministry of Development Planning and Statistics of Qatar has announced that Qatar trade surplus was QR7.4 bn in February.

Qatar's exports in February were QR17 billion, a 32.5% decline year-on-year. It represents a decline of 4.8% compared to January 2016. Revenue from gas and hydrocarbons exports declined in February to QR10.2 billion. Imports meanwhile were QR9.6 bn, a 10.1% decline compared to January 2016.

Japan was the top destination for Qatari exports, with 17.2% of total exports. Its followed by South Korea which imported 15.7% of Qatar's exports. India was in third place, representing 13.6%.

As for imports, Qatar relied on the US for 12.1% of its needs. China was in second place, with 10.3% of Qatar's imports coming from there while UAE's products represented 9.4% of Qatar's imports.

Source:WAM