Sunday 13 May 2018

Qatar-US trade volume witnesses double-digit growth - The Peninsula Qatar

Qatar-US trade volume witnesses double-digit growth - The Peninsula Qatar:

"The bilateral trade volume in goods between Qatar and the US witnessed a double-digit growth (year-on-year) in first quarter of this year (Q1, 2018) compared to the corresponding period last year. The combined value of goods exchanged between the two countries reached at QR4.30bn ($1.18bn) in Q1, 2018, registering a sharp jump of nearly 23 percent compared to QR3.49bn ($961m) in the first three months of the previous year (2017), latest official data released by the US Department of Commerce show. The balance of trade in goods between Qatar and the US in Q1, 2018 stood at QR1.21bn ($333m), which also saw double-digit growth of 16.64 percent compared to QR1.04bn ($285.5m) for the same period in 2017. The trade balance between the two countries continued to be in favour of the US—the world’s largest economy, according to statistics available on US Census Bureau’s official website."



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