Qatar’s foreign trade registered notable growth in 2024, supported by an expansion of trade partners and diversified import and export activities.
The country’s overall trade volume rose by 1.3% to QR476.28 billion, compared with QR470.22 billion in 2023. Exports, including domestic goods and re-exports, amounted to QR345.96 billion, while imports increased to QR130.32 billion from QR114.41 billion a year earlier. This resulted in a trade surplus of QR215.64 billion.
Asia continued to dominate Qatar’s trade relations, with total trade reaching QR319.43 billion. Exports to the region stood at QR267.08 billion—77.2% of Qatar’s total exports—while imports were valued at QR52.36 billion, producing a strong surplus of QR214.72 billion.
The European Union ranked second with a trade volume of QR60.89 billion, but Qatar recorded a deficit of QR5.06 billion due to higher imports. The Gulf Cooperation Council (GCC) was the third-largest trading region, with QR52.08 billion in total trade, generating a surplus of QR22.29 billion.
Qatar’s trade performance reflects the country’s ongoing diversification strategy and highlights the importance of Asia and regional partnerships in sustaining its economic growth.
