Mubasher: Qatar's trade balance surplus decreased by 6.1% month-on-month in July, according to a report released by the Ministry of Development Planning and Statistics (MDPS) on Monday.
The gas-rich country’s trade surplus amounted to QAR 16.88 billion ($4.6 billion) last month, against QAR 17.99 billion ($4.9 billion) in June.
On a yearly basis, Qatar’s trade surplus hiked 42.7% in July, compared to QAR 11.83 billion ($3.2 billion).
The rise in trade balance surplus was attributed to a 45.3% increase in exports, which registered QAR 26.6 billion in July, compared to QAR 18.3 billion in the corresponding month a year ago.
The Persian Gulf nation’s imports witnessed a 50% year-on-year surge to QAR 9.7 billion in the prior month.