The trade surplus in Qatar surged to QAR 36.6 billion in May of 2022 from QAR 16.6 billion in the same period of last year. This was the largest trade surplus since January 2014, amid further solid global demand and soaring commodity prices. Exports jumped 81.9% yoy to QAR 45.3 billion, due to higher sales of petroleum gases & other gaseous hydrocarbons (116.2%), crude petroleum oils & oils obtained from bituminous minerals, etc. (39.5%), and non-crude petroleum oils & oils obtained from bituminous minerals (36.5%). Among major key partners, exports grew to India (102.2%), China (95.4%), South Korea (58.8%), and the UK (365%), while declined to Japan (-13.7%). Meanwhile, imports rose at a much softer 5.5% to QAR 8.8 billion, with purchases rising for electrical apparatus for line telephony, telephone sets Etc (24.2%), and parts of balloons Est, parts of aircrafts, spacecraft Est (38.0%). Imports were up from India (18.7%) and Italy (9.6%). source: Ministry of Development Planning and Statistics

Balance of Trade in Qatar averaged 21791.83 QAR Million from 2004 until 2022, 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 July of 2022.

Balance of Trade in Qatar is expected to be 26800.00 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 28800.00 QAR Million in 2023 and 28250.00 QAR Million in 2024, according to our econometric models.

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Qatar Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 01:00 AM Apr QAR34.2B QAR26.7B QAR 25B
2022-06-30 02:30 AM May QAR36.6B QAR34.2B
2022-07-29 04:45 AM June QAR36.6B QAR 26.8B


Related Last Previous Unit Reference
Balance of Trade 36554.00 34170.00 QAR Million May 2022
Imports 8758.00 9276.00 QAR Million May 2022
Exports 45312.00 43446.00 QAR Million May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
36554.00 34170.00 98671.00 4346.00 2004 - 2022 QAR Million Monthly

News Stream
Qatar Posts Largest Trade Surplus Since 2014
The trade surplus in Qatar surged to QAR 36.6 billion in May of 2022 from QAR 16.6 billion in the same period of last year. This was the largest trade surplus since January 2014, amid further solid global demand and soaring commodity prices. Exports jumped 81.9% yoy to QAR 45.3 billion, due to higher sales of petroleum gases & other gaseous hydrocarbons (116.2%), crude petroleum oils & oils obtained from bituminous minerals, etc. (39.5%), and non-crude petroleum oils & oils obtained from bituminous minerals (36.5%). Among major key partners, exports grew to India (102.2%), China (95.4%), South Korea (58.8%), and the UK (365%), while declined to Japan (-13.7%). Meanwhile, imports rose at a much softer 5.5% to QAR 8.8 billion, with purchases rising for electrical apparatus for line telephony, telephone sets Etc (24.2%), and parts of balloons Est, parts of aircrafts, spacecraft Est (38.0%). Imports were up from India (18.7%) and Italy (9.6%).
2022-06-30
Qatar Trade Balance Largest in Over 8 Years
The trade surplus in Qatar jumped to QAR 34.2 billion in April of 2022 from QAR 12.8 billion in the same period of last year. This was the largest trade surplus since March 2014, amid solid global demand and surging commodity prices. Exports soared 107.4% to QAR 43.5 billion, due to higher sales of petroleum gases & other gaseous hydrocarbons (108%), crude petroleum oils & oils obtained from bituminous minerals, etc. (111.9%), and non-crude petroleum oils & oils obtained from bituminous minerals (104.1%). Among major key partners, exports grew to India (107%), China (137.2%, Japan (61.4%) and South Korea (97.1%), and the UK (320.2%). Meanwhile, imports rose at a much softer 13.6% to QAR 9.3 billion, with purchases climbing for turbojets, turbo propellers & other gas turbines; parts thereof (40%), and motor cars & other motor vehicles for the transport of persons (12%). Imports went up from the US (13.6%), China (32.7%) and India (14.2%), the UK (62%), and Italy (17.8%).
2022-05-30
Qatar Trade Surplus Widens Sharply in March
The trade surplus in Qatar widened to QAR 26.7 billion in March of 2022 from QAR 13.5 billion in the same period of last year, amid solid global demand and rising commodity prices. Exports soared 66.4% to QAR 36.7 billion, due to higher sales of petroleum gases & other gaseous hydrocarbons (50.7%), crude petroleum oils & oils obtained from bituminous minerals, etc. (107.4%), and non-crude petroleum oils & oils obtained from bituminous minerals (108.8%). Among major key partners, exports increased to India (95.2%), China (97.6%) and South Korea (47.4%). Meanwhile, imports grew at a much softer 17.1% to QAR 10 billion, with purchases increasing for turbojets, turbo propellers & other gas turbines; parts thereof 36.6%) and motor cars & other motor vehicles for the transport of persons (51.9%). Imports were up from the US (88.5%), China (14.3%) and India (17.2%).
2022-04-27