Qatar’s trade balance surplus hits $6 billion

RIYADH, May 29 (Arab News): Qatar recorded a trade surplus of 22 billion Qatari riyals ($6 billion) in April 2023, according to a report released by the country's Planning and Statistics Authority.
The data reflects a 3.5 per cent increase over March while a 35.6 per cent decline on an annual basis.
The value of merchandise imports during April 2023 also fell 6.3 per cent from the previous year and 9.3 per cent from the last month to reach an estimated 8.7 billion riyals.
Meanwhile, the value of Qatar's exports of oil, gas, and condensate tumbled in April to 18.6 billion riyals, reflecting a decrease of 33.2 per cent on an annual basis.
The report showed that China and South Korea accounted for over a third of Qatar's exports in April.
China topped the exports with 5.6 billion riyals, accounting for 18.3 per cent of the total value.
South Korea, on the other hand, came second with 5.1 billion riyals, representing 16.6 per cent of the whole pie.