Qatar: Its trade balance, the difference between the total of exports and imports recorded in April a surplus of 3.51 billion dollars or + 194.1%

According to an Anadolu Agency survey, based on data from Qatar’s Ministry of Development Planning and Statistics, the trade balance (difference between total exports and imports) recorded a surplus of 12, 78 billion riyals ($ 3.51 billion).

Qatar’s trade surplus was 4.34 billion riyals ($ 1.19 billion) in the same month of 2020.

The improvement in the country’s trade surplus is an indication of the economic recovery from the impact of the coronavirus on global economies, as well as the suspension of supplies, declining consumption and declining demand for fuel throughout. long 2020.

On a monthly basis, Qatar’s trade surplus fell 3%, down from 13.18 billion riyals ($ 3.62 billion) last March.

Data showed that exports rose 77.1 percent in April to 20.95 billion riyals ($ 5.75 billion), from 11.83 billion riyals ($ 3.25 billion). during the same month of last year.

As for imports, they increased by 9.2% on an annual basis during the same period to reach 8.16 billion riyals (2.24 billion dollars), against 7.48 billion rials (2 .05 billion dollars) in the same month of the previous year.

Qatar is the world’s largest producer and exporter of liquefied natural gas, and faces fierce competition for global market share with increasing exports from major global suppliers such as Australia and the United States.

Source Anadolu Agency