Gulf Times – GCC trade balance world’s highest; Qatar’s share 15%

Qatar accounted for $79bn or about 15% of the record $520bn trade surplus generated by the GCC region in 2011, a new study reveals.
The Gulf region’s aggregated trade balance — the difference between the value of its exports and imports — is the largest in the world, according to a QNB Group analysis.
The GCC’s massive trade surplus, mainly a consequence of hydrocarbon exports, is twice the size of the country with the next largest surplus, China, and is also about two-thirds the size of the US’s trade deficit.

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