Qatar’s Foreign Trade (October 2020)
Table (1) Trade balance for September & October 2020 (Value in QR billion)
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According to the figures given by The Planning and Statistics Authority for October 2020, the total value of foreign merchandise trade amounted to QR 23.6 billion, showing an increase of 15.3 % compared to September 2020, which amounted to QR 20.4 billion.
In October 2020, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 15.3 billion, showing an increase of 14.1 % compared to QR 13.4 billion in September.
The imports of goods in October 2020 amounted to around QR 8.3 billion, showing an increase of 18.3% compared to QR 7 billion in September.
Therefore, the country’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 7 billion almost, an increase of 9.5 % compared to QR 6.4 billion in September.
Major Trade Partners According to Foreign Trade- October 2020
In October 2020, China was at the top of the countries of destination of Qatar’s foreign trade with about QR 3.3 billion, a share of 14 percent of the state’s total foreign trade.
Major Trade Partners According to Exports- October 2020
In October 2020, India was at the top of the countries of destination of Qatar’s exports with close to QR 2.550 billion, a share of 16.6 percent of total exports, followed by Japan with almost QR 2.268 billion and a share of 14.8 percent, China with about QR 2.256 billion, a share of 14.8 percent.
South Korea comes in the fourth place with almost QR 1.986 billion, a share of 13 % and Singapore with about QR 0,845 billion, a share of 5.5 percent.1
Table (2): Total exports by Major Countries of Destination-October 2020
Graph (1): Major Trade Partners According to Value of Exports – October 2020
Value of exports in billion
Graph (2): Exports by Major Countries of Destination – October 2020
Share (%) in total
Table (3): Main Groups of Commodities Exported - October 2020
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In October 2020, the USA was the leading country of origin for Qatar’s imports with about QR 1.215 billion, a share of 14.7 percent of the imports amounted to QR 8.3 billion, followed by China with QR 0.992 billion almost, a share of 12 percent, and India with QR 0.482 billion, a share of 5.8 percent.
Germany comes in the fourth place with about QR 0.434 billion, a share of 5.2 percent, followed by UK with QR 0.432 billion, a share of 5.2 percent of the total value.
Table (4): Imports by Major Countries of Destination- August 2020
Graph (3A): Imports by Major Trade Partners share in total -October 2020
Value of Imports in billion
Graph (3B): Imports by Major Trade Partners share (%) -October 2020
Table (5): Main Groups of Commodities Imported – October 2020
Exports of the private sector – October 2020
Table (6) Exports of the private sector according to the type of certificate of origin (September, October)
Graph (4) Private sector’s exports according to the type of certificate of origin (September, October)
(Value in million riyals)
- Data refer that the exports of private sector in October amounted to QR 1.240 billion, showing an increase of 13.7% compared to QR 1.091 billion in September.
- This surge in private sector’s exports emphasized that the Qatari economy recovered from the repercussions of Covid-19 pandemic.
- The exports increased by 117% compared to April which was the lowest value during the year and by 37% compared to February which is the highest value.
- Exports through General Model certificate of origin have the largest value in October, increasing 70% m-o-m compared to September 2020, while exports through other models decreased in varying percentages. Exports through Unified GCC model decreased by 55.2%, followed by GSP and the Unified Arab model by 21.3%.
- Goods exported through the Unified GCC certificate of origin for exporting to Singapore amounted to $ 13mn in October, while there are no exports registered in September.
Graph (5) Private sector exports from January to August 2020 (Value in billion)
Data of graph (5) indicates that private sector exports decreased in August after the rebound it saw in May, June, and July. However, the value of exports in August increased by 70% compared to QR 572 million in April which is the lowest month in 2020, while it decreased by 50% compared to QR 1.95 bn in February which is the highest month.
Exports of the private sector according to the type of commodities
Table (7) Exports of private sector according to commodities (September & October)
Value in million riyals
Graph (6) Relative weights of the private sector\'s export commodities - October 2020
Value in million riyals
Data of table (7), indicate that:
- Private sector’s exports of petrochemicals have seen a sharp increase of 1000% from QR 31 million in September to QR 382 million in October, while exports of aluminum and essential & industrial oils decreased by 13% and 25% respectively.
- Exports of chemical substances, lutreine and steel recorded an increase of 14%, 2% and 100% respectively.
- Exports of paraffin and Helium gas & industrial gas decreased by 83% and 32%.
Exports of the private sector as per major destinations – October:
Table (8) Exports by major trade partners - October 2020
Data of table (7), indicate that:
- Private sector’s exports of petrochemicals have seen a sharp increase of 1000% from QR 31 million in September to QR 382 million in October, while exports of aluminum and essential & industrial oils decreased by 13% and 25% respectively.
- Exports of chemical substances, lutreine and steel recorded an increase of 14%, 2% and 100% respectively.
- Exports of paraffin and Helium gas & industrial gas decreased by 83% and 32%.
Graph (7) Major trade partners of the private sector’s exports – October 2020
In October 2020, Italy was at the top of the countries of destination of private sector’s exports with close to QR 336 million, a share of 27.1 percent of the total exports. It was followed by India with almost QR 279 million and a share of 22.5 percent, Germany with about QR 124 million, a share of 10 percent.
Turkey came in fourth place with almost QR 90 million, a share of 7.3 percent and Oman with about QR 79 million, a share of 6.3 percent.
Table (9) Destinations of the private sector exports as per economic blocs and groupings -October 2020
Value in million riyals
Graph (8) Exports of the private sector according to economic blocs & groupings – October 2020
At the level of blocs and groupings, EU countries were at the top of economic blocs that received exports of private sector amounted to QR 555 million with a share of 44.7 % of the total value, followed by Asian states with a share of 41.5% with exports of QR 515 million.
In third place came the group of GCC states, with exports totaling QR 96 million representing 7.7 % of the total value, followed by Arab countries excluding GCC states that received 62 million, a share of 5.04 percent and African Countries excluding Arab countries with exports amounted to 9 million, a share of 0.76 percent.
The group of other European countries and other American countries received exports of values 0.20% and 0.06%, while no exports received by the USA.
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