The trade surplus in Qatar surged to QAR 19.2 billion in August of 2021 from QAR 6.9 billion in the same period last year, amid a further recovery in global demand. Exports jumped 94.3 percent from last year to QAR 27.3 billion due to a higher sales of petroleum gases and other gaseous hydrocarbons (118.2%), crude petroleum oils & oils obtained from bituminous minerals etc. (67.4%) and petroleum oils & oils from bituminous minerals - not crude - (87.0%). Among major key trade partners, exports grew to China (81.4%), South Korea (128.6%), Japan (58.4), India (93.4%), and the UAE (348.2%). Meantime, imports grew at a much softer 13.6 percent to QAR 8.1 billion, with purchases soaring for motor vehicles (135.3%). Imports increased from China (47.7%), Germany (40.7%), India (57.8%) and Italy (16.5%), but declined from the US (-42.3%). source: Ministry of Development Planning and Statistics
Balance of Trade in Qatar averaged 21714.75 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 October of 2021.
Balance of Trade in Qatar is expected to be 11700.00 QAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.