Overview: In 2018 Qatar was the number 52 economy in the world in terms of GDP (current US$), the number 45 in total exports, the number 63 in total imports, and the number 62 most complex economy according to the Economic Complexity Index (ECI). In 2018, Qatar exported $69B and imported $34.7B, resulting in a positive trade balance of $34.3B. In 2018, Qatar's exports per capita were $24.8k and its imports per capita were $12.5k.
In 2018 Qatar exported a total of $69B, making it the number 45 exporter in the world. During the last five reported years the exports of Qatar have changed by -$61.7B from $131B in 2013 to $69B in 2018.
In 2018 Qatar imported $34.7B, making it the number 63 trade destination in the world. During the last five reported years the imports of Qatar changed by $7.48B from $27.3B in 2013 to $34.7B in 2018.
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).
This section shows forecasts for total product exports and imports for Qatar. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
During the last 12 years Qatar's economy has become relatively less complex, moving from the 58th to the 62nd 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.
The top export opportunities for Qatar according to the relatedness index, are Non-Petroleum Gas (0.045), Iron Ore (0.044), Uranium and Thorium Ore (0.043), Iron Reductions (0.043), and Petroleum Coke (0.042). 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.
Qatar
