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Qatar Third-Quarter Exports Drop 36% on Lower Energy Sale

Qatar Third-Quarter Exports Drop 36% on Lower Energy Sale

Qatar, the world’s biggest shipper of liquefied natural gas, posted a 36% drop in third-quarter exports as the coronavirus pandemic weighed on the sale of energy products.

Exports declined to 41.1 billion riyals ($11.1 billion) from 63.7 billion riyals a year ago, according to a statement from the Planning and Statistics Authority. It was “mainly due to lower exports of mineral fuels, lubricants and related materials.”

The nation’s imports decreased 16% to 21.5 billion riyals in the third quarter.

©2020 Bloomberg L.P.