Qatar is ranked as the 49th largest export economy in the world and the 57th largest economy in the world (in terms of GDP). The major exports of Qatar are petroleum gas, crude petroleum, ethylene polymers, and nitrogenous fertilisers. Among these export items, petroleum gas represent almost 50% of the total exports while crude petroleum accounts for about 34%.
Qatar’s main export partners are Japan, China, South Korea, and Singapore.
Official Name (Local Language) | Dawlat Qatar | Capital | Doha | Population | 2,258,283 | Currency | Qatari Rial | GDP | $156.6 billion | Languages | Arabic | Telephone Dial In | 974 |
32,060
3,865
114
Country
Trade
% Partner Share
United States
4,606
14.37
China
3,320
10.36
Germany
2,970
2.97
United Arab Emirates
2,914
9.09
Japan
2,140
6.67
Export Product
Number
Natural gas, liquefied
61.3%
Petroleum oils and oils obtained from bituminou
15.4%
Petroleum oils, etc, (excl. crude); preparation
4.8%
Crude or unrefined sulphur
0.3%
Mixed alkylbenzenes, nes
0.3%
%
Product List
0.1%
fruits, vegetables; poultry, dairy products, beef; fish
%
Industry List
51.1%
liquefied natural gas, crude oil production and refining, ammonia, fertilisers, petrochemicals, steel reinforcing bars, cement, commercial ship repair
%
Services List
48.8
Trade finance is a revolving facility in which lenders offer financing options – it enables businesses to purchase products and can help ease the pressure from working capital issues.
Generally, an export finance bank will fund up to 100% of the cost of the products, including charges (e.g. insurance costs).
Trade finance offers upsides over more traditional bank financing, for example bridging mortgages or loans. Trade finance provides quick funding without affecting existing bank relationships.
How does it work?
If you’re a business importing or exporting goods around the world, then a trade finance facility would assist your company through offering a letter of credit (LC) or some form of cash advance.
I’m looking to import from Qatar, how can Trade Finance Global help, and how does it work?
If you’re looking to import inventory from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you get the products and have then sold them to your buyer. Repaying the financier then occurs over an agreed period of time.
Information
Importing from Qatar? Contact our local experts
Qatar Economic Statistics
https://portal.www.gov.qa/
https://countryeconomy.com/ratings/qatar
Qatar Central Bank
3.64
0.7%
NA
3.8%
4.5%
$156.6 billion
$129,700
Qatari Rial
QAR
High Income
18/138
29/180
83/190
43/136
Currency in Qatar