The paper "Export and Import for Data for Qatar" is a wonderful example of a report on macro and microeconomics. Overall, Qatar has experienced an increase in the value of goods and services that it exports as well as those that it imports between 2000 and 2013. However, what comes out clearly is that over the years, the value of goods and services exported by Qatar exceeds the value of goods and services that the country imports. Even though the values vary every year, exports always exceed imports as shown in figure 2.
Qatar can therefore be said to be experiencing a favorable balance of trade since it exports more than it imports (Shekhar & Shekhar, 2005, p. 454). It is however important to note that the balance of trade refers only to observable goods that are either exported or imported (Shekhar & Shekhar, 2005, p. 454). The reason why the country has a favorable balance of trade is that it is a major exporter of petrochemicals including liquefied natural gas, propane, crude oil, polyethylene, and urea (Oxford Business Group, 2007, p.
104). The value of these products exceeds that of imports such as food and machinery by a wide margin (EconomyWatch, 2010). This paper presents information on Qatar’ s exports and imports. The discussion is based on information on the country’ s exports and imports for the period 2000 to 2013. To achieve this, the paper also presents details regarding exports and imports to help understand the significance of these concepts to countries, and particularly Qatar. For instance, different countries have different levels of export and imports. In addition, the difference in value between what a country exports and what the same country imports have an implication on the country’ s economic situation.
As well, exports and imports account for a certain percentage of a country’ s gross domestic product (GDP) and this too has implications for the country’ s economy. Therefore, in this paper, the percentages that exports and imports account for in relation to the GDP of Qatar are also presented and the implications of the figures discussed.
EconomyWatch. (2010, June 29). Qatar export, import and trade. Retrieved from http://www.economywatch.com/world_economy/qatar/export-import.html
Index Mundi. (2014a). Qatar imports. Retrieved from http://www.indexmundi.com/qatar/imports.html
Index mundi. (2014b). Qatar economy profile 2014. Retrieved from http://www.indexmundi.com/qatar/economy_profile.html
OECD. (2011). Globalisation, comparative advantage and the changing dynamics of trade. Paris: OECD Publishing.
Oxford Business Group. (2007). The Report: Emerging Qatar 2007. Retrieved from https://books.google.co.ke/books?id=Q4yJwx09eQ0C&pg=PA104&dq=why+Qatar+exports+more+than+it+imports&hl=en&sa=X&ei=eqWNVJEui6s8-uWAuA4&ved=0CCYQ6AEwAA#v=onepage&q=why%20Qatar%20exports%20more%20than%20it%20imports&f=false
World Bank. (2014a). Exports of goods and services (current US$). Retrieved from http://data.worldbank.org/indicator/NE.EXP.GNFS.CD
World Bank. (2014b). Imports of goods and services (current US$).Retrieved from http://data.worldbank.org/indicator/NE.IMP.GNFS.CD
World Bank. (2014c). Exports of goods and services (% of GDP).Retrieved from http://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?page=2
World Bank. (2014d). Imports of goods and services (% of GDP). Retrieved from http://data.worldbank.org/indicator/NE.IMP.GNFS.ZS/countries
World Bank. (2014e). Qatar. Retrieved from http://data.worldbank.org/country/qatar