Country intelligence · QAT · 2024

Qatar trade profile

In 2024, Qatar recorded $98.8B in merchandise exports and $39.5B in imports, producing a $59.3B trade surplus. Exports changed -7.8% from the previous year, while imports changed +5.5%.^[1]

Exports

$98.8B

-7.8%

Imports

$39.5B

+5.5%

Trade balance

$59.3B

surplus

Active partners

270

16 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

ExportsImports

Exact annual values

Year	Exports	Imports	Balance	Export growth
2024	$98.8B	$39.5B	$59.3B	-7.8%
2023	$107.1B	$37.5B	$69.6B	-23.7%
2022	$140.3B	$38.0B	$102.3B	+53.0%
2021	$91.7B	$29.0B	$62.7B	+52.5%
2020	$60.1B	$27.0B	$33.2B	-22.8%
2019	$77.8B	$32.4B	$45.4B	-11.1%
2018	$87.6B	$31.7B	$55.9B	+29.0%
2017	$67.9B	$28.9B	$38.9B	+13.8%
2016	$59.7B	$31.0B	$28.6B	-27.0%
2015	$81.8B	$32.8B	$49.0B	-40.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

HS 27 · Mineral fuels and oils

38 active HS6 lines · 81 export partners

$84.3B

HS 39 · HS chapter

128 active HS6 lines · 130 export partners

$2.4B

HS 31 · HS chapter

23 active HS6 lines · 41 export partners

$2.3B

HS 76 · HS chapter

35 active HS6 lines · 82 export partners

$1.8B

HS 28 · HS chapter

157 active HS6 lines · 107 export partners

$1.6B

HS 29 · Organic chemicals

278 active HS6 lines · 64 export partners

$1.1B

HS 72 · HS chapter

157 active HS6 lines · 55 export partners

$820.4M

HS 84 · Machinery

509 active HS6 lines · 121 export partners

$640.2M

Leading export markets

Destinations rank bilateral export flows from Qatar; growth describes each corridor rather than the whole economy.

China

Annual change -3.6% · 3-year CAGR 11.9%

$19.5B

South Korea

Annual change -2.1% · 3-year CAGR 5.4%

$13.1B

India

Annual change -2.4% · 3-year CAGR 1.1%

$13.0B

Japan

Annual change -19.1% · 3-year CAGR -16.1%

$6.7B

Singapore

Annual change -3.9% · 3-year CAGR 6.1%

$6.4B

Taiwan

Annual change +6.1% · 3-year CAGR 15.6%

$4.0B

United Arab Emirates

Annual change -16.3% · 3-year CAGR -8.8%

$3.9B

Pakistan

Annual change +12.2% · 3-year CAGR 12.3%

$3.5B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sources Methodology Open country workspace