Qatar2019 Economic Complexity : -0.013, Rank 72 of 146
2019 Product Exports | Imports: $77B | $33.9B, 42 of 225 | 64 of 225
2019 Per Capita Product Exports | Imports: $27.2k | $12k, 6 of 219 | 54 of 219
2018 Service Exports | Imports : $18.3B | $29.7B, 41 of 125 | 33 of 125
Overview In 2019 Qatar was the number 53 economy in the world in terms of GDP (current US$), the number 42 in total exports, the number 64 in total imports, the number 10 economy in terms of GDP per capita (current US$) and the number 72 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Qatar are Petroleum Gas ($44.2B), Crude Petroleum ($15.4B), Refined Petroleum ($8.24B), Ethylene Polymers ($1.92B), and Nitrogenous Fertilizers ($1.29B), exporting mostly to Japan ($13.1B), South Korea ($12B), India ($10.5B), China ($10.3B), and Singapore ($5.42B).
In 2019, Qatar was the world's biggest exporter of Petroleum Gas ($44.2B)
Imports The top imports of Qatar are Planes, Helicopters, and/or Spacecraft ($3.57B), Gas Turbines ($2.74B), Cars ($1.71B), Jewellery ($1.49B), and Other Large Iron Pipes ($538M), importing mostly from United States ($4.95B), France ($4.32B), United Kingdom ($3.17B), China ($2.9B), and Germany ($1.71B).
In 2019, Qatar was the world's biggest importer of Military Weapons ($167M), Pitch Coke ($154M), and Precious Stone Dust ($48.8M)
Location Qatar borders Saudi Arabia by land and Bahrain, Iran, and United Arab Emirates by sea.
Top Export (2019): Petroleum Gas, $44.2B
Top Destination (2019): Japan, $13.1B
In 2019, Qatar exported a total of $77B, making it the number 42 exporter in the world. During the last five reported years the exports of Qatar have changed by -$53.6B from $131B in 2014 to $77B in 2019.
The most recent exports are led by Petroleum Gas ($44.2B), Crude Petroleum ($15.4B), Refined Petroleum ($8.24B), Ethylene Polymers ($1.92B), and Nitrogenous Fertilizers ($1.29B). The most common destination for the exports of Qatar are Japan ($13.1B), South Korea ($12B), India ($10.5B), China ($10.3B), and Singapore ($5.42B).
Top Import (2019): Planes, Helicopters, and/or Spacecraft, $3.57B
Top Origin (2019): United States, $4.95B
In 2019 Qatar imported $33.9B, making it the number 64 trade destination in the world. During the last five reported years the imports of Qatar changed by $608M from $33.3B in 2014 to $33.9B in 2019.
The most recent imports of Qatar are led by Planes, Helicopters, and/or Spacecraft ($3.57B), Gas Turbines ($2.74B), Cars ($1.71B), Jewellery ($1.49B), and Other Large Iron Pipes ($538M). The most common import partners for Qatar are United States ($4.95B), France ($4.32B), United Kingdom ($3.17B), China ($2.9B), and Germany ($1.71B).
Fastest Growing Export Markets (2018 - 2019)
Qatar Exports Services (2018): $18.3B
Qatar Imports Services (2018): $29.7B
In 2018, Qatar exported $18.3B worth of services. The top services exported by Qatar in 2018 were Transportation ($10.1B), Travel ($5.57B), Communications services ($782M), Insurance services ($711M), and Personal, cultural, and recreational services ($661M).
The top services imported by Qatar in 2018 were Transportation ($11.4B), Travel ($9.27B), Insurance services ($3.16B), Communications services ($2.41B), and Government services, n.i.e. ($1.77B).
Qatar has a high level of specialization in Petroleum Gas (34.7), Sulphur (23.3), Alkylbenzenes and Alkylnaphthalenes (13.3), Nitrogenous Fertilizers (12.8), and Hydrogen (12.3). Specialization is measured using RCA, an index that takes the ratio between Qatar observed and expected exports in each product.
The highest complexity exports of Qatar according to the product complexity index (PCI) are Halogenated derivatives of hydrocarbons (1), Play, fair-ground equipment, travellng circus, theatre (0.58), Acyclic hydrocarbons (0.49), Hydroxides and peroxides of sodium and potassium (0.46), and Yachts, pleasure, sports vessels, rowing boats, canoes (0.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Qatar according to the relatedness index, are Iron Reductions (0.053), Uranium and Thorium Ore (0.043), Petroleum Coke (0.041), Chromium Ore (0.04), and Iron Ore (0.039). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Qatar is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
During the last 13 years Qatar's economy has become relatively less complex, moving from the 71st to the 72nd position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.