Qatari exports rise 61.9% in July

Government data revealed that Qatar’s imports in July amounted to 9.59 billion riyals, an increase of 21.8% on an annual basis, while the volume of exports in July reached 44.36 billion riyals, a growth of 61.9% compared to the seventh month of last year. Thus, the Qatari trade surplus in July rose 78% on an annual basis.
According to the Purchasing Managers’ Index in Qatar, the economy of the Qatari private sector companies that is not related to energy continued to grow at a rapid pace in July 2022. Despite its decline from record highs in May and June 2022, the index remained within the growth level, recording 61.5 points. Growth rates in indicators of total activity, new orders and unfinished business decreased slightly in July 2022 compared to the growth rates of last June.
Total input prices decreased slightly in July 2022, but non-energy Qatari private sector companies continued to raise selling prices for their goods and services.
The production and new orders indices rose sharply, albeit at the lowest rate in four and five months, respectively. Wholesale and retail companies recorded the largest increase in growth rates, followed by manufacturing, construction and services companies. (agencies)