Qatar’s trade surplus rises to QR46.4bn in 2nd quarter, 2021

Doha: Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR46.4bn during the second quarter (Q2) of 2021, reflecting an increase of QR30.9bn or 199.3 percent compared to QR15.5bn during the same period in 2020, according to figures released by the Planning and Statistics Authority (PSA). 

In Q2, 2021, the total exports including exports of domestic goods and re-exports amounted to QR71.1bn, showing an increase of QR33.3bn or 88.1 percent compared to QR37.8bn during Q2, 2020; and an increase of nearly QR7.2bn or 11.2 percent when compared to Q1, 2021.  The year-on-year (Y-o-Y) increase in total exports was mainly due to higher exports of Mineral fuels, lubricants and related materials by QR29.1bn (98.7 percent), Chemicals and Related Products n.e.s. by QR3.8bn (100 percent), and Manufactured Goods Classified Chiefly by Material by QR700m (62.1 percent).