Qatar Records $15.85 Billion Trade Surplus in Q3 2024

Qatar, 2 January, 2025 : Qatar recorded a merchandise trade surplus of QR 57.7 billion in Q3 2024, a slight decrease from QR 60.9 billion in Q3 2023. Total exports in Q3 2024 amounted to QR 87.8 billion, down 2.2% year-on-year but up 3.3% from Q2 2024.

The decline in exports was mainly driven by a QR 5.0 billion decrease in mineral fuels and lubricants, while increases were seen in chemicals, machinery, and crude materials. Imports grew by 4.1% year-on-year to QR 30.1 billion, largely due to higher imports of machinery, chemicals, and mineral fuels.

Asia remained the top destination for Qatar's exports, accounting for 75.9%, while it was also the leading source of imports, making up 39.7%. The GCC and European Union followed as key trading partners.