Qatar Economic Review 2006(September) - QNB

Qatar’s principal export items in 2005 were mineral fuels and products, which accounted for 88.7% ofthe total value of goods exported, followed by chemicals and related products (Table 5.2).Table 5.2Qatar’sMain Itemsof Export(2001- 2005)Export Items (QR Million) 2001 2002 2003 2004 20051. Mineral Fuels and Products(a) Petroleum and Related Products(b) Gas - Natural and Manufactured(i) LNG(ii) Propane(iii) Butane(iv) Ethylene, Propylene, Butylene & Butedine2. Chemicals and Related Products(a) Plastics in Primary Form (Polyethylene)(b) Fertilisers (Urea)(c) Organic Chemicals (Methanol - MTBE)(d) Inorganic Chemicals (Ammonia)(e) Others36,02021,09914,92113,769842228821,675792630--2351836,08322,48213,60112,75668515281,800928681--1712044,33527,38416,95115,4471,089415--2,2539451,014--2712358,93535,41723,51821,4671,450601--6,4441,4421,4362,57882816083,22351,51831,70528,8992,012794--7,1722,2332,4941,915454763. Iron and Steel and Related Articles 688 842 996 1,363 1,4634. Cement 19 -- -- -- --5. Apparel and Clothing Accessories 496 388 311 141 1146. Others 70 94 127 280 2627. Re-Exports 603 753 690 850 1,540Total 39,571 39,960 48,712 68,013 93,774Source: The Planning Council.Qatar exported 22.9 million tons (mt) of LNG in 2005 which accounted for 30.8% of overall exportearnings. LNG export revenues have increased by 109.9% over the past five years to reach QR 28.9billion in 2005, from QR 13.8 billion in 2001. With increased LNG production and exports it is anticipatedthat LNG export revenues will match that of oil by 2010. LNG export destinations have increased overthe years with new SPA’s being signed with major international companies. Japan is the leading importerof LNG and in 2005 received 6.2 mt of LNG, followed by South Korea with 5.0 mt, India with 4.4 mt andSpain with 3.6 mt (Table 5.3).Table 5.3LNG Exports(2001 - 2005)Country (Million Tons) 2001 2002 2003 2004 2005Japan 6.1 6.3 6.8 6.9 6.2South Korea 4.9 5.1 5.8 6.0 5.0India -- -- 0.3 2.0 4.4Spain 0.6 1.3 1.5 3.2 3.6USA 0.5 0.7 -- 0.2 --Others 0.7 0.1 -- 0.1 3.7Total 12.8 13.5 14.4 18.4 22.9Source: The Planning Council.Qatar’s leading export trade partner in 2005 was Japan, accounting for 40% of the total value of exports.Exports to Japan has been on a steady increase over the years, mainly due to increased LNG exports.South Korea, Singapore, the UAE and India were some of Qatar’s other main export trade partnersduring 2005 (Table 5.4). India had entered the top export trade partners list for the first time in 2004,BALANCE OF PAYMENTS 34