The Planning and Statistics Authority (PSA) is pleased to publish the Press Release on "Quarterly Foreign Merchandise Trade Statistics, Q2 2022 State of Qatar", comprising quarterly data on imports, exports, re-exports, and trade balance. The bulletin presents detailed statistics of the foreign merchandise trade of Qatar by commodity and partner country. Quarter-on-Quarter (Q-o-Q) percentage changes are also provided.
Foreign Merchandise Trade Balance:
In Q2 2022, Qatar recorded a merchandise trade balance surplus (difference between total exports and imports) of QR 98.6 billion up from QR 46.1 billion in Q2 2021.
Total Exports:
In Q2 2022, the value of Qatar’s total exports (including exports of domestic goods and re-exports) amounted to QR 125.9 billion, increased by QR 55.0 billion (77.6%) compared to Q2 2021 which amounted total exports of QR 70.9 billion. And increased by nearly QR 22.2 billion or 21.4% compared to Q1 2022.
The Q2 2022 year on year (Y-o-Y) increase in total exports was mainly due to higher exports of Mineral fuels, lubricants and related materials by QR 50.7 billion (86.6%), Chemicals and Related Products n.e.s. by QR 2.8 billion (39.7%), Manufactured Goods Classified Chiefly By Material by QR 1.0 billion (51.7%), Crude Materials, Inedible, Except Fuels QR 0.9 billion (144.4%), Miscellaneous Manufactured Articles by QR 0.4 billion (146.2%). On other hand decreases was recorded mainly in Machinery and Transport Equipment by QR 0.8 billion (34.3%), Food and Live Animals by QR 0.01 billion (17.8%).
Imports:
The value of Qatar’s imports in Q2 2022 was QR 27.4 billion; increased by QR 2.6 billion (10.4%) compared to Q2 2021 imports of QR 24.8 billion. And decreased by nearly QR 1.8 billion or 6.2% compared to Q1 2022.
The Q2 2022 (Y-o-Y) increase in imports values is mainly due to increases in Miscellaneous Manufactured Articles by QR 1.5 billion (35.3%), Food and Live Animals by QR 0.6 billion (23.3%), Machinery and Transport Equipment by QR 0.5 billion (5.4%), Crude Materials, Inedible, Except Fuels by QR 0.3 billion (38.3%), Mineral Fuels, Lubricants and Related Materials by QR 0.02 billion (7.5%). On other hand decrease in imports values is mainly due to decreases in Manufactured Goods Classified Chiefly by Material by QR 0.4 billion (10.2%), Chemicals and Related Products n.e.s. by QR 0.1 billion (4.3%).
Major Export/Import Partners:
During Q2 2022, Asia was the principal destination of Qatar’s exports and the first origin of Qatar’s imports, representing 65.9% and 40.5% respectively, followed by the European Union, accounting for 21.5% and 27.8% respectively, and GCC, with 6.9% and 5.1% respectively.
