Qatar’s trade surplus surged 12% year-on-year (y-o-y) to QR96.69bn in the fourth quarter (Q4) of 2012 with exports growing faster than imports.
However, trade surplus shrank 2.5% in Q4 compared to the previous quarter of 2012 with declining exports in upstream petroleum products, even as many of the downstream products witnessed double-digit growth in exports.
Japan, South Korea and India continued to be the largest markets in 2012 with the two together accounting for 60% of Qatar’s exports, Qatar Statistics Authority data revealed.
On a quarter-to-quarter (q-q) review, exports to Japan, India and Singapore strengthened while those to South Korea, China and other countries weakened.
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