The trade surplus in Qatar decreased to QAR 13.21 billion in July of 2019 from QAR 16.88 billion in the corresponding month of the previous year, as exports declined 16.2 percent to QAR 22.34 billion, dragged down by lower sales of petroleum gases and other gaseous hydrocarbons (-17.0 percent); crude petroleum oils & oils obtained from bituminous minerals (-14.8 percent) and not crude petroleum oils & oils obtained from bituminous minerals (-18.4 percent).Among major trading partners, exports fell to Japan (-15.9 percent), South Korea (-31.7 percent) and Singapore (-52.8 percent) while those rose to China (74.4 percent). Imports fell at a softer 6.0 percent to QAR 9.13 billion, due to lower purchases of other groups of commodities (-11.7 percent). Meanwhile, imports of turbojets, turbo propellers & other gas turbines & parts thereof (54 percent) increased. Imports dropped from Germany (-16.2 percent) and India (-26.9 percent) but increased from the US (3.1 percent). Balance of Trade in Qatar averaged 24029.54 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
2019-05-28 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 QAR13.95B QAR13.60B QAR 18.3B
2019-08-27 10:55 AM Balance of Trade July QAR13.21B QAR13.95B QAR17.2B
2019-09-27 06:30 AM Balance of Trade Aug QAR13.21B QAR18.1B
2019-10-29 04:00 AM Balance of Trade Sep QAR 15.7B
2019-11-28 05:45 AM Balance of Trade Oct QAR18.7B

Qatar Trade Last Previous Highest Lowest Unit
Balance of Trade 13210.00 13954.00 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 9136.00 8061.00 28435.00 3911.00 QAR Million [+]
Exports 22346.00 22015.00 124265.00 10709.00 QAR Million [+]
Capital Flows 5783.00 -4590.00 15937.00 -227805.00 QAR Million [+]
Gold Reserves 39.10 37.50 39.10 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13210.00 13954.00 98671.00 4795.00 2004 - 2019 QAR Million Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1153.00 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19