Qatar2020 Economic Complexity : -0.065, Rank 62 of 127
2020 Product Exports | Imports: $47.2B | $26.8B, 49 of 226 | 68 of 226
2020 Per Capita Product Exports | Imports: $16.4k | $9.3k, 51 of 219 | 55 of 219
2018 Service Exports | Imports : $18.3B | $29.7B, 47 of 138 | 38 of 138
Overview In 2020, Qatar was the number 57 economy in the world in terms of GDP (current US$), the number 49 in total exports, the number 68 in total imports, the number 17 economy in terms of GDP per capita (current US$) and the number 62 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Qatar are Petroleum Gas ($22.2B), Crude Petroleum ($9.89B), Refined Petroleum ($6.14B), Ethylene Polymers ($1.56B), and Nitrogenous Fertilizers ($1.15B), exporting mostly to Japan ($8.09B), India ($7.25B), China ($7.09B), South Korea ($6.02B), and Singapore ($2.83B).
Imports The top imports of Qatar are Gas Turbines ($1.81B), Cars ($1.31B), Planes, Helicopters, and/or Spacecraft ($1.14B), Jewellery ($1.01B), and Special Purpose Ships ($814M), importing mostly from China ($3.32B), United States ($2.99B), United Kingdom ($2.04B), Germany ($1.79B), and France ($1.7B).
In 2020, Qatar was the world's biggest importer of Precious Stone Dust ($42.6M)
Location Qatar borders Saudi Arabia by land and Bahrain, Iran, and United Arab Emirates by sea.
The following section uses the most recent trade data from partners of Qatar.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Petroleum Gas, $22.2B
Top Destination (2020): Japan, $3.32B
In 2020, Qatar exported a total of $47.2B, making it the number 49 exporter in the world. During the last five reported years the exports of Qatar have changed by -$35.8B from $83B in 2015 to $47.2B in 2020.
The most recent exports are led by Petroleum Gas ($22.2B), Crude Petroleum ($9.89B), Refined Petroleum ($6.14B), Ethylene Polymers ($1.56B), and Nitrogenous Fertilizers ($1.15B). The most common destination for the exports of Qatar are Japan ($8.09B), India ($7.25B), China ($7.09B), South Korea ($6.02B), and Singapore ($2.83B).
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 Sulfuric Acid (43.3), Petroleum Gas (36.3), Sulphur (36), Tug Boats (25.1), and Hydrogen (23.5). 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 Hydrocarbons (0.92), Acyclic Hydrocarbons (0.49), Hydrogen (0.27), Sodium or Potassium Peroxides (0.23), and Other Iron Bars (0.14). 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 (0.059), Petroleum Coke (0.048), Iron Ore (0.046), Asphalt (0.044), and Coal Briquettes (0.044). 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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 20 years Qatar's economy has become relatively more complex, moving from the 87th 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.
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