The trade surplus in Qatar fell sharply to QAR 6.3 billion in July 2020 from QAR 13.1 billion in the same period last year, amid the coronavirus pandemic. Exports plunged 38.8 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-41.9 pct), crude petroleum oils & oils obtained from bituminous minerals etc. (-39.7 pct) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-41.0 pct). Among major key trade partners, exports dropped to China (-15.1 pct), India (-44.0 pct), Japan (-53.4 pct), South Korea (-54.9 pct) and Singapore (-34.4 pct). Meantime, imports decreased at a softer 19.5 percent as purchases fell for aircraft parts (-29.9 pct), electrical apparatus (-34.9 pct), parts of aero planes (-35.6 pct) and other groups of commodities (-17.0 pct). Imports dropped from the US (-30.1 pct), the UK (-16.3 pct), India (-7.8 pct), China (-22.1 pct) and Germany (-35.1 pct).

Balance of Trade in Qatar averaged 22792.91 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 September of 2020.

Balance of Trade in Qatar is expected to be 10000.00 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 11700.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 16450.00 QAR Million in 2021 and 12250.00 QAR Million in 2022, according to our econometric models.

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Qatar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6253.00 5876.00 98671.00 4346.00 2004 - 2020 QAR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-08 01:00 AM Apr QAR4.3B QAR7.6B QAR 2.5B
2020-06-30 02:30 AM May QAR5.3B QAR4.3B QAR 8.5B
2020-07-28 12:30 PM June QAR5.9B QAR5.3B QAR 7.2B
2020-08-27 01:00 AM July QAR6.3B QAR5.9B QAR 6.1B
2020-09-24 01:00 AM Aug QAR6.3B QAR 6.9B
2020-10-28 11:00 AM Sep QAR 10B
2020-11-27 11:00 AM Oct
2020-12-27 11:00 AM Nov


News Stream
Qatar July Trade Surplus Narrows Sharply
The trade surplus in Qatar fell sharply to QAR 6.3 billion in July 2020 from QAR 13.1 billion in the same period last year, amid the coronavirus pandemic. Exports plunged 38.8 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-41.9 pct), crude petroleum oils & oils obtained from bituminous minerals etc. (-39.7 pct) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-41.0 pct). Among major key trade partners, exports dropped to China (-15.1 pct), India (-44.0 pct), Japan (-53.4 pct), South Korea (-54.9 pct) and Singapore (-34.4 pct). Meantime, imports decreased at a softer 19.5 percent as purchases fell for aircraft parts (-29.9 pct), electrical apparatus (-34.9 pct), parts of aero planes (-35.6 pct) and other groups of commodities (-17.0 pct). Imports dropped from the US (-30.1 pct), the UK (-16.3 pct), India (-7.8 pct), China (-22.1 pct) and Germany (-35.1 pct).
2020-08-27
Qatar Trade Surplus Narrows Sharply in June
The trade surplus in Qatar narrowed sharply to QAR 5.9 billion in June 2020 from QAR 13.6 billion in the same period last year, as exports tumbled 41.1 percent led by lower sales of petroleum gases and other gaseous hydrocarbons (-41.8 percent), crude petroleum oils & oils obtained from bituminous minerals etc. (-62.2 percent) and non crude petroleum oils & oils obtained from bituminous minerals etc. (-41.3 percent). Among major key trade partners, exports fell to China (-11.6 percent), India (-34.6 percent), Japan (-56.6 percent) and South Korea (-62.9 percent), but rose to Taiwan (73.9 percent). Imports were down 14.8 percent as purchases fell for aircraft parts (-45.4 percent), vehicles (-28.1 percent) and other groups of commodities (-14.1 percent). Imports declined from the US (-45.5 percent) and India (-9 percent), but were higher from China (21.1 percent), Germany (2.3 percent) and Turkey (17 percent).
2020-07-28
Qatar Trade Surplus Narrows Sharply
The trade surplus in Qatar declined sharply to QAR 5.3 billion in May of 2020 from QAR 13.4 billion in the corresponding month of the previous year, amid the coronavirus pandemic. Exports plunged 41.4 percent to QAR 13.3 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-39.7%); not crude petroleum oils & oils obtained from bituminous minerals (-68.8%); crude petroleum oils & oils obtained from bituminous minerals (-67.5%). Among major trading partners, exports fell to South Korea (-42.4%), Japan (-60.9%), India (-34.7%) and China (-1.1%). Imports fell at a softer 13.7 percent to QAR 7.9 billion, due to lower purchases of motor cars & other motor vehicles (-52.1%); parts of aero planes of helicopters (-15.7%). Imports went down from Germany (-56.7%) and Turkey (-20.5%).
2020-06-30
Qatar April Trade Surplus Smallest on Record
The trade surplus in Qatar declined sharply to QAR 4.3 billion in April of 2020 from QAR 12.9 billion in the corresponding month of the previous year. It was the smallest trade surplus since the series began in May 2004, as exports fell more than imports, amid the coronavirus pandemic. Exports tumbled 46.3 percent to QAR 11.8 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-45%); not crude petroleum oils & oils obtained from bituminous minerals (-62%); crude petroleum oils & oils obtained from bituminous minerals (-35.4%). Among major trading partners, exports fell to China (-27.8%), South Korea (-43.8%), Japan (-64.9% ), the UK (-68.4%), and India (-50.6%). Imports fell at a softer 17 percent to QAR 7.5 billion, due to lower purchases of motor cars & other motor vehicles (-16.9%); other groups of commodities (-20.3%), parts of aero planes of helicopters (-11.9%). Imports went down from the US (-45.9%), Germany (-8.8%) and Turkey (-10.7%).
2020-06-08

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.