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). source: Ministry of Development Planning and Statistics
Balance of Trade in Qatar averaged 22180.65 QAR Million from 2004 until 2020, 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 April 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 11800.00 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.