The trade surplus in Qatar declined to QAR 7.6 billion in March of 2020 from QAR 13.2 billion in the corresponding month of the previous year. It was the smallest trade surplus since July 2016, as exports fell more than imports, amid the coronavirus pandemic. Exports decreased 30.1 percent to QAR 15.9 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-22.3 percent); not crude petroleum oils & oils obtained from bituminous minerals (-48.5 percent), and crude petroleum oils & oils obtained from bituminous minerals (-52.1 percent). Among major trading partners, exports fell to China (-4.1 percent), South Korea (-25.2 percent), Japan (-45.9 percent), and India (-15.9 percent). Imports fell at a softer 13.2 percent to QAR 8.3 billion, due to lower purchases of motor cars & other motor vehicles (-9.3 percent); other groups of commodities (-19.8 percent). Imports went down from China (-15.6 percent) and India (-10.1 percent).

Balance of Trade in Qatar averaged 23370.29 QAR Million from 2004 until 2020, 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. 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 2020.

Balance of Trade in Qatar is expected to be 18630.00 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 19414.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 19493.00 QAR Million in 2021 and 19307.00 QAR Million in 2022, according to our econometric models.

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Qatar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
7587.00 13584.00 98671.00 4795.00 2004 - 2020 QAR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-28 03:00 AM Dec QAR14.3B QAR12.5B QAR 12.8B
2020-02-27 11:00 AM Jan QAR12.5B QAR14.3B QAR 13.8B
2020-03-25 03:00 PM Feb QAR 13.6B QAR12.5B QAR 13.1B
2020-05-07 01:30 AM Mar QAR7.6B QAR 13.6B QAR 16.9B
2020-06-08 01:00 PM Apr QAR7.6B QAR 2.5B
2020-06-27 11:00 AM May QAR 8.5B
2020-08-01 11:00 AM June QAR 18.6B
2020-08-27 11:00 AM July


News Stream
Qatar Trade Surplus Smallest in Over 3-1/2 Years
The trade surplus in Qatar declined to QAR 7.6 billion in March of 2020 from QAR 13.2 billion in the corresponding month of the previous year. It was the smallest trade surplus since July 2016, as exports fell more than imports, amid the coronavirus pandemic. Exports decreased 30.1 percent to QAR 15.9 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-22.3 percent); not crude petroleum oils & oils obtained from bituminous minerals (-48.5 percent), and crude petroleum oils & oils obtained from bituminous minerals (-52.1 percent). Among major trading partners, exports fell to China (-4.1 percent), South Korea (-25.2 percent), Japan (-45.9 percent), and India (-15.9 percent). Imports fell at a softer 13.2 percent to QAR 8.3 billion, due to lower purchases of motor cars & other motor vehicles (-9.3 percent); other groups of commodities (-19.8 percent). Imports went down from China (-15.6 percent) and India (-10.1 percent).
2020-05-07
Qatar Trade Surplus Narrows in February
The trade surplus in Qatar declined to QAR 13.6 billion in February of 2020 from QAR 14 billion in the corresponding month of the previous year, as exports decreased 5.2 percent to QAR 21.3 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-4.3 percent); not crude petroleum oils & oils obtained from bituminous minerals (-32.9 percent), and crude petroleum oils & oils obtained from bituminous minerals (-6.4 percent). Among major trading partners, exports fell to China (-21.9 percent), South Korea (-35.8 percent), and Japan (-15.2 percent). Imports fell at a faster 8.9 percent to QAR 7.7 billion, due to lower purchases of motor cars & other motor vehicles (-21.4 percent); parts of aeroplanes of helicopters (-30.2 percent). Imports went down from China (-30.6 percent) and Germany (-59.6 percent).
2020-03-26
Qatar Trade Surplus Narrows in January
The trade surplus in Qatar declined to QAR 12.5 billion in January of 2020 from QAR 15.8 billion in the corresponding month of the previous year. Exports decreased 9.0 percent to QAR 22.4 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-6.8 percent); crude petroleum oils & oils obtained from bituminous minerals (-15.7 percent) and not crude petroleum oils & oils obtained from bituminous minerals (-26.1 percent). Among major trading partners, exports fell to China (-14.8 percent), South Korea (-14.1 percent) and Singapore (-19.1 percent) while those increased to Japan (0.8 percent). Meantime, imports jumped 11.9 percent to QAR 9.9 billion, due to higher purchases of motor cars & other motor vehicles (25.2 percent) and parts of balloons, aircraft and spacecraft (33.2 percent). Imports went up from China (74.1 percent) and the US (13.9 percent).
2020-02-27
Qatar Trade Surplus Narrows in December
The trade surplus in Qatar declined to QAR 14.3 billion in December of 2019 from QAR 15.9 billion in the corresponding month of the previous year, as exports decreased 7.2 percent to QAR 23.6 billion, dragged by lower sales of petroleum gases and other gaseous hydrocarbons (-10.1 percent); not crude petroleum oils & oils obtained from bituminous minerals (-17.6 percent), while those of crude petroleum oils & oils obtained from bituminous minerals rose (20.9 percent). Among major trading partners, exports fell to China (-5.0 percent), South Korea (-32.5 percent) while those increased to Japan (14.1 percent). Imports fell at a softer 2.7 percent to QAR 9.3 billion, due to lower purchases of motor cars & other motor vehicles (-13.5 percent); parts of balloons, aircraft and spacecraft (-10.5 percent). Imports went down from Germany (-21.8 percent) and the UK (-41.7 percent).
2020-01-28

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.