Asia remained the principal destination of Qatar’s exports and the first origin of imports as the country saw QR24.7bn trade balance on trade volumes of QR73.41bn during the fourth quarter (Q4) of 2020, according to the Planning and Statistics Authority (PSA) data. The Asian region constituted 80.7% of Qatar’s exports and 41.7% of imports; followed by the European Union (7.6% and 29.9%); the Gulf Co-operation Council or GCC (5.8% and 3.3%), the US (2% and 14.1%), Africa except Arab countries ((1% and 0.8%) and Oceania (0.3% and 1.9%). The trade surplus deterioration year-on-year was felt mostly during the second quarter after which the declines progressively got reduced. The trade volume an
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