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The State of Qatar ranks sixth in the world in terms of trade surplus in 2022


The State of Qatar ranked sixth in the world in terms of trade surplus in 2022, advancing five places over 2021, and achieving a positive balance of $97.5 billion. A report by the agency said "rianovosti" The Russian news agency said that Qatar preceded Germany, which ranked seventh in the world, with a surplus of $85.34 billion, down two and a half times from those results it achieved in 2021.

A report from the same source was mentioned "China and Russia are world leaders in the level of trade surpluses"China and Russia became world leaders in trade surpluses last year, breaking their records for this indicator.

The agency quoted the study it conducted, based on national statistical data for the 60 largest economies in the world from January to December of last year, with those economies obtaining a positive trade balance, that China’s trade surplus rose by 30 percent last year, and reached its highest level. At 877.6 billion dollars, while Russia increased its surplus 1.7 times during the year to a record level of 333.4 billion dollars, ranking second among the largest economies, and Saudi Arabia came third, ahead of Norway and Australia.

The value of the state’s trade balance surplus jumped during 2022 by 64.9 percent annually, supported by the increase in Qatari exports. According to a statement by the Planning and Statistics Authority, Qatar recorded last year a surplus in its trade balance of 354.85 billion riyals, or about $97.5 billion, compared to 215.25 billion riyals. / 59.13 billion dollars / in 2021. And the performance of Qatar’s trade surplus supported the increase in its exports last year by about 50.2 percent to 476.71 billion riyals, noting that in 2021 it amounted to about 317.42 billion riyals. Regarding imports, the Qatari market received imports of 121.86 billion riyals in 2022, a growth of 19.3 percent over its level in the previous year, which amounted to 102.17 billion riyals.

Copyright © 2023 The Eastern Herald.

Arab Desk
Arab Desk
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