ECONOMY

Qatar loses 82 percent of its Gulf imports due to sanctions

An aerial view shows Doha's diplomatic area March 21, 2013. (Reuters)

Qatar relies heavily on the Gulf countries in its trade and imports, especially with Saudi Arabia and the UAE.

According to data of the Ministry of Development Planning and Statistics, the trade exchange between Qatar and the Arab Gulf countries in 2016 accounted for about 84 percent of the total trade between Qatar and other Arab countries, where the value of trade exchange between Arab countries and Qatar in 2016 accounted for QAR45 billion and the trade exchange between the Gulf States and Qatar accounted for QAR37.9 billion.

According to further data, the UAE and Saudi Arabia contribute for about 82 percent of the trade exchange between Qatar and the Gulf States. About 69 percent of the trade exchange between Qatar and the Arab countries comes from the UAE and Saudi Arabia.

EXPLAINER: Reasons why Saudi Arabia, UAE, Bahrain and Egypt severed ties with Qatar

Kuwait is third in terms of trade exchange between Qatar and the Gulf countries with about 7 percent and 5 percent for both Bahrain and Oman respectively.

The value of trade exchange between Qatar and the world countries is QAR324 billion, 14 percent from Arab countries and 12 percent from Gulf countries.

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Last Update: Monday, 5 June 2017 KSA 20:41 - GMT 17:41
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