OVERVIEW

Qatar is a small but influential country located in the Arabian Peninsula known for its vast natural gas reserves, futuristic skyline and ambitious global presence, that has rapidly transformed the country into one of the wealthiest and most dynamic nation in the region.

Its capital, Doha, is a city of striking contrast where glass towers rise beside traditional souks and desert heat meets cool cultural ambitions.

In 2023, Qatar ranked

  • 55th in terms of GDP, currently valued as $213B, out of 195 economies in the world;
  • 39th in terms of total exports out of 226 countries;
  • 10th in terms of GDP per capita, valued with current US$, out of 196 economies in the world.

ECONOMIC COMPLEXITY RANKING

EXPORT

In 2024 it was estimated that the principal products that were exported from Qatar were

  • Mineral fuels, mineral oils and products of their distillation - $26B;
  • Plastics & articles thereof - $849M;
  • Fertilizers - $622M;
  • Aluminum articles - $618M;
  • Inorganic chemicals - $526M.

On the other hand, the year-on-year growth of exports in Qatar was primarily driven by increased exports to

  • Pakistan - $628M, 87.8%;
  • Singapore - $548M, 41.5%;
  • South Korea - $489M, 13.6%.

The increased export values were particularly notable for

  • Mineral fuels, mineral oils and products of their distillation - $3.62B, 16.2%;
  • Fertilizers - $183M, 41.9%;
  • Aircraft and Spacecraft - $166M, 90.7%.

IMPORT

In 2024 the most imported products from other countries to Qatar were

  • Machinery, mechanical appliances, & parts - $3.52B;
  • Cars, tractors, trucks & parts thereof - $1.28B;
  • Electrical machinery and electronics - $1.11B;
  • Aircraft and Spacecraft - $568M;
  • Iron/Steel Articles - $484M.

This growth in Qatar year-by-year imports was largely due to increased imports from

  • Indonesia - $853M, 852%;
  • United States - $538M, 36.4%;
  • China - $285M, 16.9%.

Noteworthy increases in product imports included

  • Machinery, mechanical appliances, & parts - $1.07B, 43.9%;
  • Cars, tractors, trucks & parts thereof - $505M, 65.5%;
  • Unclassified - $283M, 166%.

YEARLY TRADE

During the last five reported years, the exports of Qatar have increased by $36B from $82.1B in 2018 to $118B in 2023.

The most recent exports are led by

  • Petroleum Gas - $71.4B;
  • Crude Petroleum - $19.7B;
  • Refined Petroleum - $14.8B;
  • Ethylene Polymers - $2.17B;
  • Nitrogenous Fertilizers - $1.82B.

They were exported primarily to

  • China - $21B;
  • India - $12.9B;
  • South Korea - $12.1B;
  • Japan - $8.72B;
  • Pakistan - $6.52B.

CONCLUSIONS

In 2024 Qatar continued to shape its future with ambition and clarity, investing in innovation while still honoring its cultural roots, and this rapid transformation reflects a desire to grow driven by a purpose.

It’s a country were balance stands out, between traditional identity and global vision, building forward without losing sight of where everything began.

Source: https://oec.world/en

crif-logo