The trade surplus in Qatar decreased to QAR 12.5 billion in November of 2019 from QAR 15.9 billion in the corresponding month of the previous year, as exports declined 13 percent to QAR 22.2 billion, dragged down by lower sales of petroleum gases and other gaseous hydrocarbons (-8.8 percent); crude petroleum oils & oils obtained from bituminous minerals (-2.7 percent) and not crude petroleum oils & oils obtained from bituminous minerals (-47 percent). Among major trading partners, exports fell to South Korea (-29.2 percent), India (-25.2 percent) and Singapore (-15.6 percent) while those rose to Japan (1.6 percent). Imports rose 1.7 percent to QAR 9.7 billion, due to higher purchases of motor cars & other motor vehicles (9.3 percent); parts of balloons, aircraft and spacecraft (28.4 percent) and Electrical apparatus for line telephony/telegraphy and telephone sets (40.4 percent). Imports increased from the US (1.1 percent) and the UK (2.0 percent). Balance of Trade in Qatar averaged 23624.87 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 14200.00 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 16800.00 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.

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Qatar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
12502.00 11705.00 98671.00 4795.00 2004 - 2019 QAR Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 05:00 AM Aug QAR12.1B QAR13.21B QAR18.1B
2019-10-28 03:00 AM Sep QAR12.9B QAR12.1B QAR 15.7B
2019-11-27 09:40 AM Oct QAR11.7B QAR12.9B QAR18.7B
2019-12-27 09:00 AM Nov QAR12.5B QAR11.7B QAR16.1B
2020-01-29 08:20 AM Dec QAR12.5B QAR 12.8B


News Stream
2019-11-27
Qatar Posts Smallest Trade Surplus in Two Years
Qatar's trade surplus widened 38.4 % year-on-year to QAR 11.7 billion in October of 2019 from a QAR 19 billion surplus a year earlier. It was the smallest trade surplus since October of 2017, as exports declined 30.3% to QAR 20.1 billion, dragged down by lower sales petroleum gases and other gaseous hydrocarbon (-33.4%); crude petroleum oils & oils obtained from bituminous minerals (-23.9%) and not crude petroleum oils & oils obtained from bituminous minerals (-43.8%). Among major trading partners, exports fell to Japan (-33.3%), India (-17.4%) and South Korea (-47.4%). Meantime, imports dropped 14.7% to QAR 8.4 billion, due to lower purchases of turbojets, turbo propellers & other gas turbines (-14.8%). In contrast, imports of motor cars & other motor vehicles (5.2%) and parts of balloons; parts of aircraft & spacecraft (8.2%) increased. Imports went down from the US (-29.5%) and China (-15.5%), but rose from Germany (9.2%).

2019-10-28
Qatar Trade Surplus Narrows in September
The trade surplus in Qatar narrowed to QAR 12.86 billion in September of 2019 from QAR 15.45 billion in the corresponding month of the previous year. Exports tumbled 24.1% to QAR 20.3 billion, due to lower sales of petroleum gases and other gaseous hydrocarbons (-26.4%); crude petroleum oils & oils obtained from bituminous minerals (-22.3%); and not crude petroleum oils & oils obtained from bituminous minerals (-28.1%). Among major trading partners, exports declined to Japan (-24.9%), South Korea (-30%), China (-11.6%), India (-35.5%), China (-29.8%), and Singapore (-48%). Imports plunged 34.2% to QAR 7.5 billion, due to lower purchases of motor cars& other motor vehicles for the transport of person (-15.6%); other groups of commodities (-38.5%). Imports dropped from the US (-70.7%), China (-14.4%), Germany (-32.1%), India (-36.1%), and the UK (-23.4%).

2019-09-26
Qatar Trade Surplus Smallest in Near 2 Years
The trade surplus in Qatar narrowed to QAR 12.12 billion in August of 2019 from QAR 17.52 billion in the corresponding month of the previous year. This was the smallest trade surplus since October 2017, as exports plunges while imports rose. Exports tumbled 19.7% to QAR 21.21 billion, due to lower sales of petroleum gases and other gaseous hydrocarbons (-22.3%); crude petroleum oils & oils obtained from bituminous minerals (-20.7%) and not crude petroleum oils & oils obtained from bituminous minerals (-7.0% ).Among major trading partners, exports declined to Japan (-4.1%), South Korea (-10.4%), India (-42.2%), Singapore (-52.0% ), and China (-11.6%). Imports rose 2.3% to QAR 9.10 billion, due to higher purchases of parts of balloons Etc, parts of aircraft, spacecraft Etc (42.3%); motor cars & other vehicles (22.3%); electrical apparatus for line telephone/telegraphy, telephone sets, parts thereof (18%). Imports increased from the US (8.4%), China (2.7%), and UK (66.0%).

2019-08-27
Qatar Trade Surplus Narrows 21.8% YoY in July
The trade surplus in Qatar decreased to QAR 13.21 billion in July of 2019 from QAR 16.88 billion in the corresponding month of the previous year, as exports declined 16.2 percent to QAR 22.34 billion, dragged down by lower sales of petroleum gases and other gaseous hydrocarbons (-17.0 percent); crude petroleum oils & oils obtained from bituminous minerals (-14.8 percent) and not crude petroleum oils & oils obtained from bituminous minerals (-18.4 percent).Among major trading partners, exports fell to Japan (-15.9 percent), South Korea (-31.7 percent) and Singapore (-52.8 percent) while those rose to China (74.4 percent). Imports fell at a softer 6.0 percent to QAR 9.13 billion, due to lower purchases of other groups of commodities (-11.7 percent). Meanwhile, imports of turbojets, turbo propellers & other gas turbines & parts thereof (54 percent) increased. Imports dropped from Germany (-16.2 percent) and India (-26.9 percent) but increased from the US (3.1 percent).

2019-08-01
Qatar Trade Surplus Narrows 22.4% YoY in June
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).

2019-06-27
Qatar Trade Surplus Narrows 8.9% YoY in May
The trade surplus in Qatar decreased to QAR 13.56 billion in May of 2019 from QAR 14.88 billion in the corresponding month of the previous year, as exports declined 8.4 percent to QAR 22.75 billion, dragged down by lower sales of petroleum gases and other gaseous hydrocarbons (-6.2 percent); not crude petroleum oils & oils obtained from bituminous minerals (-29.5 percent) while increases were recorded in shipments of crude petroleum oils & oils obtained from bituminous minerals (1.1 percent) .Among major trading partners, exports fell to South Korea (-13.8 percent), India (-19.0 percent) and China (-36.1 percent), but rose to Japan (6.5 percent). Imports fell at a softer 7.6 percent to QAR 9.95 billion, due to lower purchases of motor cars & other motor vehicles (-27.6 percent) and parts of balloons; parts of aircraft & spacecraft (-10.5 percent). Imports dropped from the US (-27.9 percent) and China (-16.1 percent) but increased from the UK (116.1 percent).


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.

Qatar Trade Last Previous Highest Lowest Unit
Balance of Trade 12502.00 11705.00 98671.00 4795.00 QAR Million [+]
Current Account 1877.00 6200.00 66727.00 -8942.00 QAR Million [+]
Current Account to GDP 8.70 3.80 106.80 -31.00 percent [+]
Imports 9673.00 8350.00 28435.00 3911.00 QAR Million [+]
Exports 22175.00 19201.00 124265.00 10709.00 QAR Million [+]
Capital Flows 12780.00 5783.00 15937.00 -227805.00 QAR Million [+]
Gold Reserves 42.21 39.10 42.21 0.59 Tonnes [+]
Crude Oil Production 1520.00 1520.00 1520.00 539.00 BBL/D/1K [+]
Foreign Direct Investment 1137.00 -6990.00 3777.00 -6990.00 QAR Million [+]
Terrorism Index 0.03 0.06 2.23 0.00 [+]
Tourist Arrivals 1819.00 2256.00 2941.00 309.00 Thousand [+]