Qatar, Saudi Arabia trade reaches $1.9 billion
DOHA, May 26, 2016
The bilateral trade between Qatar and Saudi Arabia amounted to QR6.94 billion ($1.90 billion) in 2015, according to data provided by Qatar Chamber.
Qatar’s imports from Saudi Arabia were at QR5.11 billion ($1.40 billion), while its exports stood at QR1.83 billion ($502.6 million) last year, said the Peninsula Qatar report.
Saudi Arabia was the second biggest source of imports after the UAE in the GCC region, as per the Quarterly Bulletin on the Foreign Merchandise Trade Statistics- First Quarter 2016, released recently by the Minister of Development Planning and Statistics, it said.
Qatar imports a number of items from Saudi Arabia, including livestock, milk products, iron structures and other metal products, chemicals and other food items.
The bilateral trade between the two countries is expected to increase in coming years as both countries have taken steps to boost trade, added the report.