The trade surplus in Qatar has sharply widened by 194.1 percent to QAR 12.8 billion in April 2021, from QAR 4.3 billion in the same period last year. Exports soared 77.1 percent to QAR 21.0 billion, amid low base effects from the pandemic’s outbreak. Higher sales volumes were recorded for petroleum gases and other gaseous hydrocarbons (52.6 pct vs 26.6 pct in March), and crude petroleum oils & oils obtained from bituminous minerals etc. (171.9 pct vs 74.5 pct). Meantime, imports rose at a much slower 9.2 percent to QAR 8.2 billion, with purchases even declining for turbojets, turbo propellers & other gas turbines (-32.4 pct vs -44.6 pct) but rebounding for motor cars & other motor vehicles (20.9 pct vs -16.5 pct). The largest export partners were Japan (13.4 pct of total sales), China (13.2 pct) and India (12.7 pct), while imports came mainly from China (13.4 pct) the US (13.3 pct) and India (7.4 pct). source: Ministry of Development Planning and Statistics
Balance of Trade in Qatar averaged 21807.08 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 June of 2021.
Balance of Trade in Qatar is expected to be 8900.00 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 16450.00 in 12 months time. 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.