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.