The trade surplus in Qatar sharply dropped to QAR 6.4 billion in September 2020 from QAR 12.8 billion in the same period last year, amid the coronavirus pandemic. Exports plunged 33.7 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-33.5 pct), crude petroleum oils & oils obtained from bituminous minerals etc. (-42.0 pct) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-54.7 pct). Among major key trade partners, exports dropped to China (-17.9 pct), India (-7.1 pct), Japan (-50.8 pct), South Korea (-51.2 pct) and Singapore (-39.9 pct). Meantime, imports decreased at a softer 6.4 percent as purchases fell for parts of aero planes (-26.3 pct), motor cars (-29.1 percent) and turbojets, turbo propellers & other gas turbines; parts thereof (-62.3 pct). Imports were down from the US (-36.4 pct), India (-6.2 pct) and Germany (-18.6 pct), while surged to China (60.7 pct) and the UK (10.5 pct).

Balance of Trade in Qatar averaged 22792.91 QAR Million from 2004 until 2020, reaching an all time high of 98671 QAR Million in August of 2012 and a record low of 4346 QAR Million in April of 2020. This page provides - Qatar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Qatar Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in Qatar is expected to be 7500.00 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 11700.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 11800.00 QAR Million in 2021 and 12250.00 QAR Million in 2022, according to our econometric models.

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Qatar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6437.00 6921.00 98671.00 4346.00 2004 - 2020 QAR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-28 12:30 PM June QAR5.9B QAR5.3B QAR 7.2B
2020-08-27 01:00 AM July QAR6.3B QAR5.9B QAR 6.1B
2020-09-28 01:00 AM Aug QAR6.9B QAR6.3B QAR 6.9B
2020-10-27 06:20 AM Sep QAR6.4B QAR6.9B QAR 10B
2020-11-27 11:00 AM Oct QAR6.4B
2020-12-27 11:00 AM Nov


News Stream
Qatar September Trade Surplus Narrows Sharply
The trade surplus in Qatar sharply dropped to QAR 6.4 billion in September 2020 from QAR 12.8 billion in the same period last year, amid the coronavirus pandemic. Exports plunged 33.7 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-33.5 pct), crude petroleum oils & oils obtained from bituminous minerals etc. (-42.0 pct) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-54.7 pct). Among major key trade partners, exports dropped to China (-17.9 pct), India (-7.1 pct), Japan (-50.8 pct), South Korea (-51.2 pct) and Singapore (-39.9 pct). Meantime, imports decreased at a softer 6.4 percent as purchases fell for parts of aero planes (-26.3 pct), motor cars (-29.1 percent) and turbojets, turbo propellers & other gas turbines; parts thereof (-62.3 pct). Imports were down from the US (-36.4 pct), India (-6.2 pct) and Germany (-18.6 pct), while surged to China (60.7 pct) and the UK (10.5 pct).
2020-10-27
Qatar August Trade Surplus Narrows Sharply
The trade surplus in Qatar fell sharply to QAR 6.9 billion in August 2020 from QAR 12.1 billion in the same period last year, amid the coronavirus pandemic. Exports plunged 33.8 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-41.6 pct), crude petroleum oils & oils obtained from bituminous minerals etc. (-29.5 pct) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-7.2 pct). Among major key trade partners, exports dropped to China (-3.6 pct), India (-18.7 pct), Japan (-41.4 pct), South Korea (-64.9 pct) and Singapore (-34.8 pct). Meantime, imports decreased at a softer 21.6 percent as purchases fell for parts of aero planes (-33.8 pct), motor cars (-42.6 percent) and other groups of commodities (-21.4 pct). Imports dropped from the US (-35.9 pct), the UK (-60.6 pct), India (-7.4 pct), China (-7.1 pct) and Germany (-18.2 pct).
2020-09-28
Qatar July Trade Surplus Narrows Sharply
The trade surplus in Qatar fell sharply to QAR 6.3 billion in July 2020 from QAR 13.1 billion in the same period last year, amid the coronavirus pandemic. Exports plunged 38.8 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-41.9 pct), crude petroleum oils & oils obtained from bituminous minerals etc. (-39.7 pct) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-41.0 pct). Among major key trade partners, exports dropped to China (-15.1 pct), India (-44.0 pct), Japan (-53.4 pct), South Korea (-54.9 pct) and Singapore (-34.4 pct). Meantime, imports decreased at a softer 19.5 percent as purchases fell for aircraft parts (-29.9 pct), electrical apparatus (-34.9 pct), parts of aero planes (-35.6 pct) and other groups of commodities (-17.0 pct). Imports dropped from the US (-30.1 pct), the UK (-16.3 pct), India (-7.8 pct), China (-22.1 pct) and Germany (-35.1 pct).
2020-08-27
Qatar Trade Surplus Narrows Sharply in June
The trade surplus in Qatar narrowed sharply to QAR 5.9 billion in June 2020 from QAR 13.6 billion in the same period last year, as exports tumbled 41.1 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-41.8 percent), crude petroleum oils & oils obtained from bituminous minerals etc. (-62.2 percent) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-41.3 percent). Among major key trade partners, exports fell to China (-11.6 percent), India (-34.6 percent), Japan (-56.6 percent) and South Korea (-62.9 percent), but rose to Taiwan (73.9 percent). Imports were down 14.8 percent as purchases fell for aircraft parts (-45.4 percent), vehicles (-28.1 percent) and other groups of commodities (-14.1 percent). Imports declined from the US (-45.5 percent) and India (-9 percent), but were higher from China (21.1 percent), Germany (2.3 percent) and Turkey (17 percent).
2020-07-28

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.