The Gulf Cooperation Council (GCC) ranked third as a destination for Qatari exports and represented 9.4 per cent of the country’s total exports. In addition to that, the GCC received 16.2 per cent of the total imports, shows a report.
The quarterly report issued by Qatar’s Ministry of Development Planning and Statistics revealed that the UAE ranked first among GCC countries as a major trading partner for Qatar, according to Qatar-based Raya.
Qatari exports to the UAE amounted to QAR4.7 billion and accounted for 6.9 per cent of the total exports, while imports from the UAE amounted to QAR2.5bn and accounted for 8.8 per cent of Qatar’s total imports.
Kuwait came in second place with exports amounting to QAR800 million and accounting for 1.1 per cent, followed by exports to Saudi Arabia (QAR600m), which accounted for 0.8 per cent of the total value of Qatari exports.
Qatar’s exports to the GCC countries comprised natural gas, LNG, condensates, helium, ether derivatives, jet fuel, bars and rods of iron or non-alloy steel, polyethylene, ethylene dibromide, natural gasoline and diesel for engines.
Imports from this region included pebbles, gravel, broken or crushed stone, copper wire, iron ores and concentrates, petroleum bitumen, steel scaffoldings props, platforms and fittings, yogurt, electric cables, non-aerated beverages and natural mineral waters.
(QAR1= AED1.01, at the time of publishing)