(MENAFN) Qatar's trade balance posts a surplus of USD8.55 billion in August 2014, a decrease of USD353 million, or 3.9 percent, compared to the same month last year, The Peninsula Qatar reported.
Total exports in August 2014 hit USD11.08, up 0.3 percent compared to the same month in 2013. However, the imports of goods during the cited period amounted to USD2.52 billion, an increase of 17.5 percent compared to August 2013.
The annual growth in total exports is mainly due to higher export of 'Other Groups of Commodities', reaching USD1.43 billion in August 2014, up 29.2 percent compared to August 2013. Re-exports reached USD1.90 million.
The increase in total exports is partially offset by the drop in exports of petroleum, gases and other hydrocarbons including LNG, condensates, propane and butane.