The trade surplus in Qatar decreased to QAR 13.56 billion in May of 2019 from QAR 14.88 billion in the corresponding month of the previous year, as exports declined 8.4 percent to QAR 22.75 billion, dragged down by lower sales of petroleum gases and other gaseous hydrocarbons (-6.2 percent); not crude petroleum oils & oils obtained from bituminous minerals (-29.5 percent) while increases were recorded in shipments of crude petroleum oils & oils obtained from bituminous minerals (1.1 percent) .Among major trading partners, exports fell to South Korea (-13.8 percent), India (-19.0 percent) and China (-36.1 percent), but rose to Japan (6.5 percent). Imports fell at a softer 7.6 percent to QAR 9.95 billion, due to lower purchases of motor cars & other motor vehicles (-27.6 percent) and parts of balloons; parts of aircraft & spacecraft (-10.5 percent). Imports dropped from the US (-27.9 percent) and China (-16.1 percent) but increased from the UK (116.1 percent). Balance of Trade in Qatar averaged 24219.49 QAR Million from 2004 until 2019, reaching an all time high of 98671 QAR Million in August of 2012 and a record low of 4795 QAR Million in April of 2016.

Balance of Trade in Qatar is expected to be 0.00 QAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Qatar to stand at 14550.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 16450.00 QAR Million in 2020, according to our econometric models.

Qatar Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-27 09:20 AM Balance of Trade Feb QAR 13.8B QAR15.8B QAR14.5B
2019-05-07 10:45 AM Balance of Trade Mar QAR 12.8B QAR 13.8B QAR12.7B
2019-05-28 09:20 AM Balance of Trade Apr QAR 13.1B QAR 13.17B QAR14.2B
2019-06-27 11:30 AM Balance of Trade May QAR13.5B QAR 13.1B QAR15.2B
2019-08-01 09:35 AM Balance of Trade June QAR13.5B QAR 18.3B
2019-08-27 12:10 PM Balance of Trade July QAR17.2B
2019-09-27 06:30 AM Balance of Trade Aug QAR18.1B

Qatar Trade Last Previous Highest Lowest Unit
Balance of Trade 13561.00 13104.00 98671.00 4795.00 QAR Million [+]
Current Account 5783.00 16435.00 66727.00 -8942.00 QAR Million [+]
Current Account to GDP 8.70 3.80 106.80 -31.00 percent [+]
Imports 9197.00 9011.00 28435.00 3911.00 QAR Million [+]
Exports 22758.00 22115.00 124265.00 10709.00 QAR Million [+]
Capital Flows 5783.00 -4590.00 15937.00 -227805.00 QAR Million [+]
Gold Reserves 37.50 31.30 37.50 0.59 Tonnes [+]
Crude Oil Production 1510.00 1510.00 1510.00 539.00 BBL/D/1K [+]
Foreign Direct Investment -6990.00 299.00 3777.00 -6990.00 QAR Million [+]
Terrorism Index 0.06 0.12 2.23 0.00 [+]
Tourist Arrivals 2256.00 2938.00 2941.00 309.00 Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Qatar Balance of Trade

Qatar has been recording trade surpluses since 2004 mostly due to shipments of oil and liquefied natural gas (89 percent of total exports). Main imports are: transport equipment and parts; nuclear reactors, boilers, machinery and mechanical appliances and parts and base metals and articles thereof. Qatar´s main trading partner is Japan (28 percent of total exports and 8 percent of imports). Others include: India, China, United Arab Emirates and South Korea. This page provides - Qatar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Qatar Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13561.00 13104.00 98671.00 4795.00 2004 - 2019 QAR Million Monthly

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19