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 South Korea (-10.4%), Japan (-4.1%), China (-11.6%), India (-46.3%) and Singapore (-53.1% ). 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 the UK (66.0%). Balance of Trade in Qatar averaged 24029.54 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.

Balance of Trade in Qatar is expected to be 0.00 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 14550.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 16450.00 QAR Million in 2020, according to our econometric models.

Qatar Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-27 11:30 AM Balance of Trade May QAR13.5B QAR 13.1B QAR15.2B
2019-08-01 09:35 AM Balance of Trade June QAR13.95B QAR13.60B QAR 18.3B
2019-08-27 10:55 AM Balance of Trade July QAR13.21B QAR13.95B QAR17.2B
2019-09-26 05:00 AM Balance of Trade Aug QAR12.1B QAR13.21B QAR18.1B
2019-10-29 04:00 AM Balance of Trade Sep QAR12.1B QAR 15.7B
2019-11-28 05:45 AM Balance of Trade Oct QAR18.7B
2019-12-27 09:00 AM Balance of Trade Nov QAR16.1B


Qatar Trade Last Previous Highest Lowest Unit
Balance of Trade 12155.00 13210.00 98671.00 4795.00 QAR Million [+]
Current Account 6200.00 7088.00 66727.00 -8942.00 QAR Million [+]
Current Account to GDP 8.70 3.80 106.80 -31.00 percent [+]
Imports 9096.00 9136.00 28435.00 3911.00 QAR Million [+]
Exports 21211.00 22346.00 124265.00 10709.00 QAR Million [+]
Capital Flows 12780.00 5783.00 15937.00 -227805.00 QAR Million [+]
Gold Reserves 39.10 37.50 39.10 0.59 Tonnes [+]
Crude Oil Production 1520.00 1510.00 1520.00 539.00 BBL/D/1K [+]
Foreign Direct Investment 1137.00 -6990.00 3777.00 -6990.00 QAR Million [+]
Terrorism Index 0.06 0.12 2.23 0.00 [+]
Tourist Arrivals 2256.00 2938.00 2941.00 309.00 Thousand [+]


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. This page provides - Qatar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Qatar Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12155.00 13210.00 98671.00 4795.00 2004 - 2019 QAR Million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 24789.70 Jul/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3787.85 Aug/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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