The trade surplus in Qatar sharply widened to QAR 16.6 billion in May 2021, the largest since October 2018, from QAR 5.3 billion in the same period last year. Exports jumped 87.8 percent to QAR 24.9 billion, amid a low base effect from the pandemic’s outbreak. Higher sales volumes were recorded for petroleum gases and other gaseous hydrocarbons (70.1% vs 52.6% in April), and crude petroleum oils & oils obtained from bituminous minerals etc. (201.5% vs 171.9%). Among major key trade partners, exports surge to China (38.7%), India (84.4%), Japan (127.3%), South Korea (31.9%) and the UEA (357.5%). Meantime, imports rose at a much slower 4.7 percent to QAR 8.3 billion, with purchases surging for motor cars & other motor vehicles (140.4% vs 20.9%) but slumping for turbojets, turbo propellers & other gas turbines (-66.3% vs -32.4%). Imports were up from India (113.5%), Germany (91.6%), China (37.4%) and Italy (121.7%) while plunging to the US (-50.5%). source: Ministry of Development Planning and Statistics

Balance of Trade in Qatar averaged 21807.08 QAR Million from 2004 until 2021, 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 July of 2021.

Balance of Trade in Qatar is expected to be 8900.00 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 16450.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 12800.00 QAR Million in 2022 and 12250.00 QAR Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Qatar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
16608.00 12786.00 98671.00 4346.00 2004 - 2021 QAR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-25 08:30 AM Feb QAR 13.2B QAR 13.5B QAR 12B
2021-04-27 07:45 AM Mar QAR 13.2B QAR 13.5B QAR 8.9B
2021-06-02 08:50 AM Apr QAR 12.8B QAR 13.2B
2021-06-30 02:30 AM May QAR 16.6B QAR 12.8B
2021-07-28 11:00 AM June QAR 16.6B QAR 11.7B
2021-08-27 11:00 AM July
2021-09-28 11:00 AM Aug
2021-10-27 11:00 AM Sep QAR 11.7B


News Stream
Qatar Trade Surplus Largest in Over 2-1/2 Years
The trade surplus in Qatar sharply widened to QAR 16.6 billion in May 2021, the largest since October 2018, from QAR 5.3 billion in the same period last year. Exports jumped 87.8 percent to QAR 24.9 billion, amid a low base effect from the pandemic’s outbreak. Higher sales volumes were recorded for petroleum gases and other gaseous hydrocarbons (70.1% vs 52.6% in April), and crude petroleum oils & oils obtained from bituminous minerals etc. (201.5% vs 171.9%). Among major key trade partners, exports surge to China (38.7%), India (84.4%), Japan (127.3%), South Korea (31.9%) and the UEA (357.5%). Meantime, imports rose at a much slower 4.7 percent to QAR 8.3 billion, with purchases surging for motor cars & other motor vehicles (140.4% vs 20.9%) but slumping for turbojets, turbo propellers & other gas turbines (-66.3% vs -32.4%). Imports were up from India (113.5%), Germany (91.6%), China (37.4%) and Italy (121.7%) while plunging to the US (-50.5%).
2021-06-30
Qatar Trade Surplus Widens Sharply in April
The trade surplus in Qatar has sharply widened by 194.1 percent to QAR 12.8 billion in April 2021, from QAR 4.3 billion in the same period last year. Exports soared 77.1 percent to QAR 21.0 billion, amid low base effects from the pandemic’s outbreak. Higher sales volumes were recorded for petroleum gases and other gaseous hydrocarbons (52.6 pct vs 26.6 pct in March), and crude petroleum oils & oils obtained from bituminous minerals etc. (171.9 pct vs 74.5 pct). Meantime, imports rose at a much slower 9.2 percent to QAR 8.2 billion, with purchases even declining for turbojets, turbo propellers & other gas turbines (-32.4 pct vs -44.6 pct) but rebounding for motor cars & other motor vehicles (20.9 pct vs -16.5 pct). The largest export partners were Japan (13.4 pct of total sales), China (13.2 pct) and India (12.7 pct), while imports came mainly from China (13.4 pct) the US (13.3 pct) and India (7.4 pct).
2021-06-02
Qatar Trade Surplus Widens in March
The trade surplus in Qatar widened 72.2 percent to QAR 13.2 billion in March 2021, from QAR 7.6 billion in the same period last year. Exports jumped 38.2 percent to QAR 22.1 billion, led by higher sales of petroleum gases and other gaseous hydrocarbons (26.6 pct), and crude petroleum oils & oils obtained from bituminous minerals etc. (74.5 pct). Among major key trade partners, exports increased to Japan (39.3 pct), South Korea (31.7 pct), and India (30.1 pct). Meantime, imports rose at a slower 6.7 percent to QAR 8.9 billion, with purchases even declining for two significant groups: turbojets, turbo propellers & other gas turbines (-44.6 pct) and motor cars & other motor vehicles (-16.5 pct). Imports rose from China (48.8 pct) but were down from the US (-35.5 pct).
2021-04-27
Qatar Trade Surplus Largest in 11 Months
The trade surplus in Qatar widened to QAR 13.5 billion in January 2021 from QAR 12.5 billion in the same period last year. It was the largest trade surplus since February 2020, as exports dropped less than imports, amid weakening domestic demand. Exports fell 4.7 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-13.3 pct), crude petroleum oils & oils obtained from bituminous minerals etc. (-3 pct). Among major key trade partners, exports dropped to Japan (-15.9 pct), South Korea (-3.5 pct), India (-18.6 pct), and Singapore (-31 pct), while jumped to China (25.8 pct). Meantime, imports decreased at a faster 21.5 percent as purchases declined for turbojets, turbo propellers & other gas turbines (-27.5 pct), motor cars & other motor vehicles (-7.2 pct). Imports were down mainly from China (-43 pct), the US (-34.7 pct) and the UK (-10.5 pct).
2021-02-26

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.