(MENAFN) Qatar continues in generating more trade surplus, hitting USD20.17 billion in the fourth quarter, in spite of rising imports and falling exports, according to the Ministry of Development Planning & Statistics shows (MDPS), Gulf Times reported.
According to reports issued by the MDPS, Qatar's trade surplus decreased in 2014 from USD25.99billion in the fourth quarter of 2013. Total exports reached USD28.6 billion in the end of 2014, marking an a decrease from 13.8 percent in the in the fourth quarter of 2013.
The decline in total exports was due to low exports of mineral fuel, lubricants and related materials. The increase in exports was witnessed in chemical and related products and manufactured goods.
Imports, on the other hand, stood at USD8.42 billion in 2014, marking a 16.9 percent increase from USD1.2 billion registered on the same period in 2013, an increase that reflects higher imports of machinery and manufactured goods.
'In addition to supporting fiscal and monetary policy decisions, governments use foreign trade data to support the negotiation of international trade agreements,' he Minister of Development Planning & Statistics said in a statement.
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