Qatar (QAT)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Qatar - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | China (CHN) | 19.9% $18.92B | 15.0% $5.38B | 18.6% $24.30B |
| 2 | Rep. of Korea (KOR) | 13.5% $12.82B | 1.9% $677.82M | 10.3% $13.50B |
| 3 | India (IND) | 11.7% $11.15B | 5.4% $1.92B | 10.0% $13.07B |
| 4 | Japan (JPN) | 7.1% $6.72B | 5.1% $1.83B | 6.5% $8.55B |
| 5 | United Arab Emirates (ARE) | 6.3% $6.01B | 4.6% $1.66B | 5.9% $7.66B |
| 6 | Singapore (SGP) | 7.0% $6.67B | 1.7% $611.02M | 5.6% $7.28B |
| 7 | USA (USA) | 1.6% $1.50B | 12.9% $4.60B | 4.7% $6.11B |
| 8 | Italy (ITA) | 2.9% $2.75B | 5.6% $2.02B | 3.6% $4.76B |
| 9 | Pakistan (PAK) | 3.9% $3.73B | 0.0% $0 | 2.9% $3.73B |
| 10 | Thailand (THA) | 3.2% $3.05B | 1.2% $447.28M | 2.7% $3.50B |
- In 2024, Qatar's total trade reached $130.8B, with $95.0B in exports and $35.8B in imports, resulting in a trade balance of $59.2B.
- Globally, Qatar ranked 47th in total trade, 37th in exports, and 58th in imports.
- Qatar's top export partner was China, accounting for 19.9% of total exports with a value of $18.9B.
- China was also Qatar's largest source of imports, representing 15.0% of the total at $5.4B.
- The leading export category for Qatar was Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS2 27), comprising 83.8% of exports at $79.6B.
- Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof (HS2 84) was the top import category, with a total value of $7.3B, making up 20.5% of all imports.
Qatar's Trade Performance in 2024
In 2024, Qatar's international trade portfolio showed a total trade volume of $130.8B. Exports amounted to $95.0B, and imports were valued at $35.8B, leading to a significant trade surplus of $59.2B. The country's global trade standing placed it at rank 47 for total trade. Key export destinations included China, which received $18.9B (19.9%) of Qatar's exports, and India, with $11.2B (11.7%). On the import side, primary partners were China ($5.4B or 15.0%) and the United States ($4.6B or 12.9%).
Top Export and Import Categories
Qatar's export economy in 2024 was dominated by the mineral fuels sector. Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS2 27) represented the largest share of exports, valued at $79.6B and accounting for 83.8% of the total. Following this were Plastics and articles thereof (HS2 39) with $2.6B in exports. Regarding imports, the most significant category was Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof (HS2 84), which totaled $7.3B, or 20.5% of all incoming goods. The second-largest import category was Electrical machinery and equipment and parts thereof (HS2 85), valued at $2.9B.
Exports
Qatar - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Qatar - export composition by product categories (Exports), 2024 (USD)
Qatar - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Qatar - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.