(MENAFN - The Peninsula) By Mohammad Shoeb I The Peninsula
The combined value of Qatar's hydrocarbon products export in April 2019 stood at QR18.89bn ($5.18bn) in April 2019, showing a marginal increase of 0.76 percent (month-on-month) compared to QR18.74bn reported for the previous month (March 2019).
When compared with the total value of exports and re-exports of goods in April, hydrocarbons commodities accounted for over 85 percent of the total (QR22.1bn).
The hydrocarbons commodities, which mainly included oil & gas and their derivatives such as Petroleum Gases and Other Gaseous Hydrocarbons; Petroleum Oils & Oils Obtained from Bituminous Minerals (crude); and Petroleum Oils and Oils Obtained from Bituminous Minerals (non-crude).
The value of petroleum gases and other gaseous hydrocarbons got the lion's share with QR13.87bn accounting for nearly three-fourth (over 73 percent) of the total value of hydrocarbons export for the month of April. Petroleum oils & oils obtained from bituminous minerals (crude) stood at the second position within the group with QR3.75bn in April.
Revenues from petroleum gases and other gaseous hydrocarbons in April saw an increase of QR373m compared to March (QR13,500m), while the revenues from other hydrocarbon products (classified under petroleum oils & oils obtained from bituminous minerals (crude) and petroleum oils and oils obtained from bituminous minerals (non-crude) declined understandably due to decline in their prices, latest online data available at the Planning and Statistics Authority show.
According to reports Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR13.1bn in April showing a fall of about QR1.7bn, or 11.3 percent, compared to April 2018, and decline of nearly QR100m, or 0.4 percent, compared to March 2019.
In April 2019, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR22.1bn, showing a decrease of 7.8 percent compared to April 2018, and decreased by 2.8 percent compared to March 2019.
On other hand, the imports of goods in April 2019 amounted to around QR9bn, showing a decrease of 2.3 percent over April 2018. However, on a month-on-month (M-o-M) basis the imports decrease by 6.1 percent.
The year-on-year (April 2019 to April 2018) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc) reaching QR13.9bn approximately in April 2019, a decrease of 2.1 percent, Petroleum oils & oils from bituminous minerals (crude) reaching QR3.8bn nearly, decreased by 4.6 percent, and decrease in the Petroleum oils & oils from bituminous minerals (not crude) reaching QR1.3bn, decreased by 40.7 percent.