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 71 most complex economy according to the Economic Complexity Index (ECI)
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.
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.
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).
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 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.