Qatar’s foreign merchandise trade balance showed a surplus of QAR17.4bn in June 2023, according to the latest data by the PSA

According to the most recent Planning and Statistics Authority (PSA) figures, Qatar's international goods trade balance – the difference between total exports and imports — was QAR17.4 billion in June 2023. It was a loss of around QAR12.7 billion, or 42.3%, compared to June 2022, and a fall of approximately QR0.8 billion, or 4.4%, compared to May 2023.

Qatar's overall exports of products (including those of domestic origin and re-exports) amounted to roughly QAR26.8 billion, a 32% decline from June 2022 and a 3.5% decrease from May 2023, as per the PSA's international trade report for June 2023.

In contrast, June's imports totaled roughly QAR9.4 billion, representing a 1.1% rise over June 2022. It was also a 1.8% reduction from May 2023. Lower exports of petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane) contributed to the year-on-year reduction in exports, which reached QAR16.4 billion in June 2023 (a 29.7% decrease). The sale of petroleum oils and bituminous minerals (crude) fell by 26.4% to QAR4.8 billion, while non-crude oil fell by 46.9% to QAR2.2 billion.

China got 20.1% of Qatar's total exports at QAR5.4 billion in June, followed by South Korea (QAR3.2 billion, 11.9%) and India (QAR3.2 billion, 11.8%). Year on year import statistics indicated that 'Turbojets, turbopropellers, and Other Gas Turbines or Parts thereof' were the most heavily imported items, totaling QAR0.50 billion (a 37.2% increase). 'Motor Cars & Other Motor Vehicles for The Transport of Persons' came in second with QAR0.48bn (+44.5%). 'Medicaments comprising of mixed or unmixed goods for therapeutic or preventative applications' came in third with QAR0.3bn, representing a 34.7% rise.

In June, the United States was the biggest nation of origin of Qatar's imports, accounting for around QAR1.8 billion (19.5% of total imports), followed by China (QR1.3 billion, 14.1%), and Germany (QR0.5 billion, 5.6%).