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.

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Qatar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
14301.00 12502.00 98671.00 4795.00 2004 - 2019 QAR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-28 03:00 AM Sep QAR12.9B QAR12.1B QAR 15.7B
2019-11-27 09:40 AM Oct QAR11.7B QAR12.9B QAR18.7B
2019-12-27 09:00 AM Nov QAR12.5B QAR11.7B QAR16.1B
2020-01-28 03:00 AM Dec QAR14.3B QAR12.5B QAR 12.8B
2020-02-27 01:00 PM Jan QAR14.3B QAR 13.8B


News Stream
2019-12-27
Qatar Trade Surplus Narrows 21.8% YoY in November
The trade surplus in Qatar decreased to QAR 12.5 billion in November of 2019 from QAR 15.9 billion in the corresponding month of the previous year, as exports declined 13 percent to QAR 22.2 billion, dragged down by lower sales of petroleum gases and other gaseous hydrocarbons (-8.8 percent); crude petroleum oils & oils obtained from bituminous minerals (-2.7 percent) and not crude petroleum oils & oils obtained from bituminous minerals (-47 percent). Among major trading partners, exports fell to South Korea (-29.2 percent), India (-25.2 percent) and Singapore (-15.6 percent) while those rose to Japan (1.6 percent). Imports rose 1.7 percent to QAR 9.7 billion, due to higher purchases of motor cars & other motor vehicles (9.3 percent); parts of balloons, aircraft and spacecraft (28.4 percent) and Electrical apparatus for line telephony/telegraphy and telephone sets (40.4 percent). Imports increased from the US (1.1 percent) and the UK (2.0 percent).

2019-11-27
Qatar Posts Smallest Trade Surplus in Two Years
Qatar's trade surplus widened 38.4 % year-on-year to QAR 11.7 billion in October of 2019 from a QAR 19 billion surplus a year earlier. It was the smallest trade surplus since October of 2017, as exports declined 30.3% to QAR 20.1 billion, dragged down by lower sales petroleum gases and other gaseous hydrocarbon (-33.4%); crude petroleum oils & oils obtained from bituminous minerals (-23.9%) and not crude petroleum oils & oils obtained from bituminous minerals (-43.8%). Among major trading partners, exports fell to Japan (-33.3%), India (-17.4%) and South Korea (-47.4%). Meantime, imports dropped 14.7% to QAR 8.4 billion, due to lower purchases of turbojets, turbo propellers & other gas turbines (-14.8%). In contrast, imports of motor cars & other motor vehicles (5.2%) and parts of balloons; parts of aircraft & spacecraft (8.2%) increased. Imports went down from the US (-29.5%) and China (-15.5%), but rose from Germany (9.2%).

2019-10-28
Qatar Trade Surplus Narrows in September
The trade surplus in Qatar narrowed to QAR 12.86 billion in September of 2019 from QAR 15.45 billion in the corresponding month of the previous year. Exports tumbled 24.1% to QAR 20.3 billion, due to lower sales of petroleum gases and other gaseous hydrocarbons (-26.4%); crude petroleum oils & oils obtained from bituminous minerals (-22.3%); and not crude petroleum oils & oils obtained from bituminous minerals (-28.1%). Among major trading partners, exports declined to Japan (-24.9%), South Korea (-30%), China (-11.6%), India (-35.5%), China (-29.8%), and Singapore (-48%). Imports plunged 34.2% to QAR 7.5 billion, due to lower purchases of motor cars& other motor vehicles for the transport of person (-15.6%); other groups of commodities (-38.5%). Imports dropped from the US (-70.7%), China (-14.4%), Germany (-32.1%), India (-36.1%), and the UK (-23.4%).

2019-09-26
Qatar Trade Surplus Smallest in Near 2 Years
The trade surplus in Qatar narrowed to QAR 12.12 billion in August of 2019 from QAR 17.52 billion in the corresponding month of the previous year. This was the smallest trade surplus since October 2017, as exports plunges while imports rose. Exports tumbled 19.7% to QAR 21.21 billion, due to lower sales of petroleum gases and other gaseous hydrocarbons (-22.3%); crude petroleum oils & oils obtained from bituminous minerals (-20.7%) and not crude petroleum oils & oils obtained from bituminous minerals (-7.0% ).Among major trading partners, exports declined to Japan (-4.1%), South Korea (-10.4%), India (-42.2%), Singapore (-52.0% ), and China (-11.6%). Imports rose 2.3% to QAR 9.10 billion, due to higher purchases of parts of balloons Etc, parts of aircraft, spacecraft Etc (42.3%); motor cars & other vehicles (22.3%); electrical apparatus for line telephone/telegraphy, telephone sets, parts thereof (18%). Imports increased from the US (8.4%), China (2.7%), and UK (66.0%).


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.