Qatar's trade surplus jumped 129.1 percent year-on-year to QAR 19 billion in October of 2018 from a QAR 8.3 billion surplus a year earlier. It was the largest trade surplus since December 2014, as exports surged while imports tumbled. Exports soared 37.1 percent to QAR 28.8 billion, due to higher sales of petroleum gases and other gaseous hydrocarbons (48%); petroleum oils and oils from bituminous minerals - not crude (71%), and petroleum oils & oils from bituminous - crude (10.5%). Main exports partners were South Korea (17% of total exports); Japan (16.2% share), and India (13% share). Imports tumbled 22.9 percent to QAR 9.8 billion, mainly due to a fall in purchases of motor cars and other passenger vehicles, the country's top imports (-15.1 percent). The highest share of imports came from the US (16.4% of total imports); China (12.8% share), and the UK (11.2% share). Balance of Trade in Qatar averaged 25114.38 QAR Million from 2004 until 2018, 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 16800.00 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 19387.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 8600.00 QAR Million in 2020, according to our econometric models.

Qatar Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-27 12:10 PM Balance of Trade QAR 16.9B QAR 18.0B QAR 17.8B
2018-09-27 06:30 AM Balance of Trade QAR17.5B QAR 16.9B QAR 10.2B
2018-10-29 04:00 AM Balance of Trade QAR15.5B QAR17.5B QAR 17.9B
2018-11-28 05:45 AM Balance of Trade QAR19B QAR15.5B QAR 17.4B
2018-12-27 09:00 AM Balance of Trade QAR19B QAR 18.1B
2019-01-29 08:35 AM Balance of Trade QAR 20.9B
2019-02-27 01:30 PM Balance of Trade

Qatar Trade Last Previous Highest Lowest Unit
Balance of Trade 18986.00 15459.00 98671.00 4795.00 QAR Million [+]
Current Account 13875.00 11788.00 66727.00 -8958.00 QAR Million [+]
Current Account to GDP 3.80 -5.50 106.80 -31.00 percent [+]
Imports 9785.00 11352.00 28435.00 3911.00 QAR Million [+]
Exports 28771.00 26811.00 124265.00 10709.00 QAR Million [+]
Capital Flows 178.00 -14167.00 10813.00 -227805.00 QAR Million [+]
Gold Reserves 26.60 26.60 29.69 0.59 Tonnes [+]
Crude Oil Production 609.00 570.00 865.00 539.00 BBL/D/1K [+]
Foreign Direct Investment -5189.00 713.00 3777.00 -5189.00 QAR Million [+]
Terrorism Index 0.12 0.23 2.23 0.00 [+]
Tourist Arrivals 2256.00 2938.00 2941.00 309.00 Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18986.00 15459.00 98671.00 4795.00 2004 - 2018 QAR Million Monthly

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18