Qatar’s Trade Surplus Reaches QAR 17.7B in September 2024
Photo by BSUQ Qatar continues to showcase its strong trade position with a foreign merchandise trade surplus of QAR 17.7 billion in September 2024, according to preliminary data from the National Planning Council. While the surplus reflects the nation’s robust economic activity, changes in export and import trends reveal key insights into the market. Export Highlights Total Exports: Qatar’s total exports, including domestic goods and re-exports, stood at QAR 27.6 billion. This represents: A 7.9% decrease compared to August 2024. A 7% drop year-on-year from September 2023. Petroleum Products: Exports of petroleum gases and gaseous hydrocarbons (including LNG, condensates, propane, and butane) amounted to QAR 16.7 billion, with a slight 0.1% decline . Crude petroleum oil exports fell by 31.3% , reaching QAR 3.7 billion. Non-crude petroleum oils dropped by 21.5% , totaling QAR 2.5 billion. Import Highlights Total Imports: Qatar’s imports reached approximately QAR 9.9 billion, re...