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342955
Mon, 09/29/2014 - 21:08
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Qatar's Exports up 0.3% to QR 40.8 Billion in August

Doha, September 29 (QNA) - Qatar's total exports in August 2014 reached QR 40.8 Billion, an increase by 0.3% compared to the same month in 2013, according to preliminary data released by the Ministry of Development Planning and Statistics. The total exports include goods of domestic origin and re-exports. In August 2014, Qatar imported goods worth QR 9.3 Billion, an increase by 17.5% compared to the same month last year. The trade balance - the difference between total exports and imports - shows a surplus of QR 31.5 Billion. This is a decrease of QR 1.3 billion or 3.9% compared to August 2013. The year-on-year (August 2014 to August 2013) rise in total exports is mainly due to higher export of 'Other Groups of Commodities' such as polymers of ethylene in primary forms, unwrought aluminum, acyclic hydrocarbons, reaching QR 5.3 Billion in August 2014. This is an increase by 29.2% compared to August 2013. Re-exports reached QR 0.7 billion (105.3%). The increase in total exports is partially offset by the drop in exports of petroleum, gases and other hydrocarbons (LNG, condensates, propane and butane. These reached QR 26.2 Billion in August 2014, a decrease by 0.7% compared to August 2013. Petroleum oils and oils from bituminous minerals (not crude) reached QR 2.1 Billion (11.6%), and petroleum oils and oils from bituminous minerals (crude) reached QR 6.6 Billion (12.8%). In August 2014, Japan was the top destination of exports from Qatar with QR 10.1billion, a share of 24.8% of total exports. South Korea came next with QR 6 Billion (14.8%) followed by India with QR 5.6 Billion (13.6%). Cars and other automobiles were at the top of the imports with QR 0.8 Billion, an increase by 9.6% compared to August 2013. Insulated wires, cables, coaxial cables, optical fiber cables came next with QR 0.2 Billion, an increase by 82% while electrical apparatus for fixed line telephony/telegraphy, telephone sets and other parts amounted to QR 0.2 Billion, up by 22.7%. China was the main country of origin with QR 1.1 Billion, a share of 11.8% of the imports, followed by UAE with QR 0.8 Billion (8.3%), and USA with QR 0.7 Billion (8.0%). (QNA)

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