Qatar’s Trade Balance Records QAR 12.5 Billion Surplus Amid Export Decline

Qatar: Qatar's merchandise trade balance achieved a surplus of QAR 12.5 billion in November, despite a notable decline compared to previous periods. This reflects a decrease of QAR 4.2 billion, or 25.1 percent, compared to November 2024, and a slight drop of QAR 1.1 billion, or 7.9 percent, compared to October 2025.

According to Qatar News Agency, data from the National Planning Council indicated that the total value of Qatar's exports, which include domestically produced exports and re-exports, reached QAR 24.5 billion in November. This amount signifies a reduction of 8.7 percent from November 2024 and a 4.7 percent decrease from October 2025.

Meanwhile, merchandise imports in November 2025 rose to approximately QAR 12 billion, marking an 18 percent increase from the same month in 2024, though showing a 1.1 percent decrease from October 2025.

A year-over-year comparison reveals a decline in exports of "petroleum gases and other gaseous hydrocarbons," including liquefied natural gas (LNG), condensates, propane, and butane, which totaled around QAR 12.9 billion, a drop of 18.7 percent. Exports of "crude petroleum and oils obtained from bituminous minerals" decreased to nearly QAR 3.9 billion, a 7.8 percent decline, while exports of petroleum oils and oils obtained from bituminous minerals other than crude fell to about QAR 2.3 billion, down 1.3 percent.

China emerged as Qatar's top export destination in November 2025, with exports valued at approximately QAR 4.4 billion, accounting for 18 percent of total exports. India followed with about QAR 2.9 billion, or 11.9 percent, and the United Arab Emirates ranked third with roughly QAR 2.1 billion, representing 8.7 percent of total exports.

In terms of merchandise imports, "motor cars and other motor vehicles principally designed for the transport of persons" led the categories, valued at QAR 1 billion and showing a sharp increase of 72 percent compared to November 2024. This was followed by jet engines, turbo-propellers, gas turbines, and their parts, valued at approximately QAR 0.9 billion, a decrease of 9.9 percent, and electrical apparatus for line telephony or line telegraphy, including network transmission equipment and parts, valued at about QAR 0.5 billion, up 28.3 percent.

Regarding import partners, China was the main source of Qatar's imports in November 2025, with goods valued at QAR 2 billion, accounting for 16.5 percent of total merchandise imports. The United States followed with QAR 1.9 billion, or 15.7 percent, and Italy with QAR 0.6 billion, representing 5.2 percent of total imports.