Qatar trade surplus up about 1% to touch QAR33.21bn in July

August 30, 2014 9:12 am

Qatari Ministry of Development Planning and Statistics (MD&PS) revealed that a marginal increase in exports helped Qatar post about 1% rise year-on-year in trade surplus to QR33.21bn in July this year. The Gulf country’s total exports (valued free-on-board) was up 0.6% to QR41.48bn despite double-digit rise in shipments to Qatar’s major export destinations, especially to Asian countries, Gulf Times reported. Japan continued to be the top destination of Qatar’s exports, followed by South Korea, India, Singapore and the UAE. The country’s total exports of domestic products rose 0.6% to QR40.76bn in July in spite of drastic fall in crude cargoes.