The trade surplus in Qatar widened to QAR 21.2 billion in October of 2021 from QAR 7.0 billion in the same period last year. It was the largest trade surplus since November 2014, as exports jumped 96.4 percent, due to higher sales of petroleum gases & other gaseous hydrocarbons (93.6%), crude petroleum oils & oils obtained from bituminous minerals etc. (93.2%) and petroleum gases and other gaseous hydrocarbons (509.5%). Among major key partners, exports increased to India (60.2%), South Korea (99.8%), Japan (59.5), China (50.9%) and the UK (737.2%). Meanwhile, imports rose at a slower 7.6 percent to 8.9 billion, with purchases increasing mainly for turbojets, turbo propellers & other gas turbines (16.9%), and motor cars & other motor vehicles for the transport of persons (57.3%). Imports rose from China (55.9%), the UK (66.7%), India (13.7%), and Italy (28.4%) but declined from the US (-19.5%). source: Ministry of Development Planning and Statistics

Balance of Trade in Qatar averaged 21675.14 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 November of 2021.

Balance of Trade in Qatar is expected to be 11800.00 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.

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Qatar Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-27 11:00 AM Sep QAR19.3B QAR19.2B QAR 11.7B
2021-11-25 11:00 AM Oct QAR21.2B QAR19.3B QAR19.8B
2021-12-27 11:00 AM Nov QAR21.2B


Related Last Previous Unit Reference
Balance of Trade 21184.00 19257.00 QAR Million Oct/21
Imports 8904.00 8790.00 QAR Million Oct/21
Exports 30088.00 28047.00 QAR Million Oct/21

News Stream
Qatar Trade Surplus Largest in 7 Years
The trade surplus in Qatar widened to QAR 21.2 billion in October of 2021 from QAR 7.0 billion in the same period last year. It was the largest trade surplus since November 2014, as exports jumped 96.4 percent, due to higher sales of petroleum gases & other gaseous hydrocarbons (93.6%), crude petroleum oils & oils obtained from bituminous minerals etc. (93.2%) and petroleum gases and other gaseous hydrocarbons (509.5%). Among major key partners, exports increased to India (60.2%), South Korea (99.8%), Japan (59.5), China (50.9%) and the UK (737.2%). Meanwhile, imports rose at a slower 7.6 percent to 8.9 billion, with purchases increasing mainly for turbojets, turbo propellers & other gas turbines (16.9%), and motor cars & other motor vehicles for the transport of persons (57.3%). Imports rose from China (55.9%), the UK (66.7%), India (13.7%), and Italy (28.4%) but declined from the US (-19.5%).
2021-11-25
Qatar Trade Surplus Widens in September
The trade surplus in Qatar increased to 19.3 billion in September of 2021 from QAR 6.4 billion in the same period last year, due to a further recovery in global demand. Exports surged 108.9 percent from last year to QAR 28.1 billion, amid a higher sales of petroleum gases and other gaseous hydrocarbons (111.2%), petroleum oils & oils from bituminous minerals - crude - (88.9%), and petroleum oils & oils from bituminous minerals - not crude - (217.4%). Among major key trade partners, export expanded to China (105.1%), India (48.07%), South Korea (141%), Japan (50%), and Singapore (154.3%). Meanwhile, imports grew at a softer 25.7 percent to QAR 8.7 billion, with purchases rising for motor cars & other motor vehicles (51%). Imports advanced from China (2.6%), the US (44.5%), India (43.7%), the UK (35%), and Germany (9.6%).
2021-10-27
Qatar Trade Surplus Widens Sharply in August
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%).
2021-09-28

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.