The trade surplus in Qatar declined to QAR 14.3 billion in December of 2019 from QAR 15.9 billion in the corresponding month of the previous year, as exports decreased 7.2 percent to QAR 23.6 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-10.1 percent); not crude petroleum oils & oils obtained from bituminous minerals (-17.6 percent), while those of crude petroleum oils & oils obtained from bituminous minerals rose (20.9 percent). Among major trading partners, exports fell to China (-5.0 percent), South Korea (-32.5 percent) while those increased to Japan (14.1 percent). Imports fell at a softer 2.7 percent to QAR 9.3 billion, due to lower purchases of motor cars & other motor vehicles (-13.5 percent); parts of balloons, aircraft and spacecraft (-10.5 percent). Imports went down from Germany (-21.8 percent) and the UK (-41.7 percent).
Balance of Trade in Qatar averaged 23624.87 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. This page provides - Qatar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Balance of Trade in Qatar is expected to be 16940.00 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 19325.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 19307.00 QAR Million in 2020, according to our econometric models.