The trade surplus in Qatar decreased to QAR 13.95 billion in June of 2019 from QAR 17.99 billion in the corresponding month of the previous year, as exports declined 18.2 percent to QAR 22.02 billion, dragged down by lower sales of petroleum gases and other gaseous hydrocarbons (-17.8 percent); crude petroleum oils & oils obtained from bituminous minerals (-19.6 percent) and not crude petroleum oils & oils obtained from bituminous minerals (-31.2 percent).Among major trading partners, exports fell to Japan (-12.3 percent), South Korea (-7.3 percent) and China (-12.7 percent). Imports fell at a softer 9.6 percent to QAR 9.95 billion, due to lower purchases of electrical apparatus for line telephony and telephone sets (-10.4 percent). Meanwhile, imports of turbojets, turbo propellers & other gas turbines & parts thereof (17.8 percent) increased. Imports dropped from the US (-22.1 percent) and China (-20.1 percent) but increased from Germany (46.1 percent). Balance of Trade in Qatar averaged 24127.01 QAR Million from 2004 until 2019, 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 0.00 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 14550.00 in 12 months time. In the long-term, the Qatar Balance of Trade is projected to trend around 16450.00 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
2019-05-07 10:45 AM Balance of Trade Mar QAR 12.8B QAR 13.8B QAR12.7B
2019-05-28 09:20 AM Balance of Trade Apr QAR 13.1B QAR 13.17B QAR14.2B
2019-06-27 11:30 AM Balance of Trade May QAR13.5B QAR 13.1B QAR15.2B
2019-08-01 09:35 AM Balance of Trade June QAR13.95B QAR13.60B QAR 18.3B
2019-08-27 12:10 PM Balance of Trade July QAR13.95B QAR17.2B
2019-09-27 06:30 AM Balance of Trade Aug QAR18.1B
2019-10-29 04:00 AM Balance of Trade Sep QAR 15.7B

Qatar Trade Last Previous Highest Lowest Unit
Balance of Trade 13954.00 13561.00 98671.00 4795.00 QAR Million [+]
Current Account 5783.00 16435.00 66727.00 -8942.00 QAR Million [+]
Current Account to GDP 8.70 3.80 106.80 -31.00 percent [+]
Imports 8061.00 9197.00 28435.00 3911.00 QAR Million [+]
Exports 22015.00 22758.00 124265.00 10709.00 QAR Million [+]
Capital Flows 5783.00 -4590.00 15937.00 -227805.00 QAR Million [+]
Gold Reserves 37.50 31.30 37.50 0.59 Tonnes [+]
Crude Oil Production 1510.00 1510.00 1510.00 539.00 BBL/D/1K [+]
Foreign Direct Investment -6990.00 299.00 3777.00 -6990.00 QAR Million [+]
Terrorism Index 0.06 0.12 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13954.00 13561.00 98671.00 4795.00 2004 - 2019 QAR Million Monthly

Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19