Qatar’s exports fall 5.7% YoY in Sept ’24

Qatar’s total exports for September 2024 amounted to QAR 27.6 billion ($7.6 billion), marking a 5.7 per cent year-on-year decrease and a 7.9 per cent month-on-month decline. According to Qatar’s National Planning Council (NPC), the decrease was primarily driven by reduced sales of petroleum products and hydrocarbons.

Meanwhile, imports reached QAR 9.9 billion, increasing 4.9 per cent year-on-year but decreasing 2.8 per cent month-on-month.

China was the leading export destination, receiving QAR 5.6 billion (20.3 per cent), followed by South Korea (10.8 per cent) and India (10.4 per cent). In terms of imports, China also topped the list with QAR 1.7 billion (17.5 per cent share), followed by the US and Japan.

The trade surplus for September 2024 stood at QAR 17.7 billion, declining by 10.7 per cent year-on-year and 10.5 per cent month-on-month.

Attribution: Qatar News Agency (QNA)

Subediting: Y.Yasser