Qatar Foreign Trade: Exports and Imports 2012

Qatar Foreign Trade: Exports and Imports

Toward the latter part of 2008, many countries started to feel the effects of the brewing troubles that hit the world economies. Export and import activities were declining; foreign trading transactions were simply on the downturn. Through all these, one economy continued to thrive - Qatar's.

During that period of recession, Qatar even managed to get its non-oil exports increase by almost 40 percent vis-a-vis the previous year (2007). And in that period too, Qatar's bilateral trade partnership with India remained strong. This is true for both export and import activities.

The six-year period prior to the recession saw brisk Qatar foreign trade activities. For instance, the five-year period ending 2005 had the Qatar government investing close to 11 billion dirham (AED 11bn)) in developmental undertakings. This translated to certain positive effects on the foreign trade of the emirate. In particular, total Qatar foreign trade shot up about 150 percent, from AED 112bn to AED 280bn, between the years 2001 and 2005. The Qatar foreign trade, in connection with the emirate's gross domestic product (GDP), likewise rose by about 30 percent during the same period.


Being both a free economic zone and a trade hub strategically situated in the Middle East, Qatar is indeed ideal for foreign trade. The Qatar International Airport and Qatar's two main sea ports (Port Rashid and Jebel Ali Port) boast world-class facilities, which make handling of exports and imports a lot easier.

Already Qatar's public works and transportation system are first-class. But because improvements and increases in Qatar foreign trade are expected to continue, the government still undertakes numerous infrastructure developments and improvements.

A big part of Qatar's exports and imports go by sea. Using the figures in the year 2005 as examples, total exports and imports by sea amounted to AED 152bn, which was approximately 54 percent of the total Qatar foreign trade transactions for that year.

Qatar is noted for its production of oil and gas. Ironically, though, this makes up only about 5 percent of its economy. Its non-oil exports represent approximately 80 percent of the total UAE transactions in this area. Some of the traditional products that make up part of Qatar's non-oil exports include scrap metals, dates, and frozen fish. These products are exported mostly to India, Pakistan, and the neighboring emirates.

Liquefied gases, cement, aluminum ingots, and clothing are some of the manufactured products that Qatar exports, mostly to India, Japan, the United States, and China. As for Qatar's free-zone trading transactions, Iran, Saudi Arabia, and India make up the top three destinations, in that order.

Qatar's import transactions are going briskly as well. In fact, Qatar brings in more than 60 percent of the total requirements of the entire UAE. Some of the countries it deals with in this area include China, India, the United States, the United Kingdom, Japan, France, and Germany.

No foreseeable problem is expected to cause a slowing down in Qatar foreign trade activities; thanks largely to Qatar's strategic location on the Persian Gulf and to its world-class infrastructure.