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 June 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.