Qatar's exports of natural gas and other gaseous hydrocarbons rose 90 percent in July from a year earlier, while exports of oil and its derivatives rose 35 percent, according to data released by the National Bureau of Statistics on August 28, local time. As a result, Qatar's exports in July totaled 44.4 billion Qatari riyals, up 61.9 percent from a year earlier and 12.4 percent from the previous month. The trade surplus was 15.2 billion riyals, up 78 percent from a year earlier.
Qatar is one of the world's leading producers and exporters of liquefied natural gas, with gas and oil accounting for about 80 per cent of its exports. Recently, as the situation in Ukraine continues to tense and international oil prices remain high, Qatar has raised its crude oil export prices several times. At the same time, Qatar's natural gas exports to the United Kingdom, Japan, South Korea and other countries have also increased significantly, keeping its total exports growing at a high rate.