Qatar

Qatar ranked No. 57 in total trade value through May with a total of $2.17 billion. Exports totaled $1.51 billion and Imports totaled $662.58 million, a surplus of $843.16 million.

U.S. trade with Qatar rose to $1.91 billion through May

Qatar’s trade with the United States rose to $1.91 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.4 percent below its total trade during the same time period last year. U.S. exports to Qatar decreased 4.01 percent while U.S. imports from Qatar fell 36.33 percent. The U.S. surplus with Qatar was $795.76 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Wilmington, Dela.; No. 3 Port of Wilmington, N.C.; No. 4 Port of Houston; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 Port of Wilmington, Dela.; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Phoenix Sky Harbor International Airport, Ariz. and No. 5 Port of New York. In the current time period, the top five accounted for 52.43 percent of Qatar’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 86.78 percent to $310.33 million.
    Exports rose 33.83 percent to $167.22 million. Imports rose 247.36 percent to $143.11 million.
  • Trade with No. 2 Port of Wilmington, Dela. fell 30.84 percent to $270.31 million.
    Exports fell 30.84 percent to $270.31 million. There were no imports.
  • Trade with No. 3 Port of Wilmington, N.C. rose 810.6 percent to $225.9 million.
    Exports totaled $202.97 million. Imports fell 7.56 percent to $22.93 million.
  • Trade with No. 4 Port of Houston fell 13.3 percent to $214.68 million.
    Exports rose 4 percent to $64.06 million. Imports fell 19.03 percent to $150.62 million.
  • Trade with No. 5 Port of New York fell 37.74 percent to $115.65 million.
    Exports fell 46 percent to $89.59 million. Imports rose 31.38 percent to $26.06 million.

Qatar ranked No. 57 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 51.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Qatar by value through May were the categories of Bombs, grenades, cartridges, parts; Navigational equipment; Miscellaneous electrical machinery; Satellites, related equipment; and Civilian aircraft, parts, respectively. They accounted for 42.52 percent of total exports to Qatar.

The value of the top five categories of U.S. imports from Qatar –– Gasoline, other fuels; Returned exports, without change; Nitrogenous fertilizers; Aluminum, unwrought; and Hydrogen, raw gases –– accounted for 98.49 percent of all inbound shipments.

Looking more closely at U.S. exports to Qatar:

  • Bombs, grenades, cartridges, parts rose 358864 percent compared to last year to $202.81 million.
  • Navigational equipment fell 33.76 percent compared to last year to $147.52 million.
  • Miscellaneous electrical machinery fell 57.14 percent compared to last year to $102.31 million.
  • Satellites, related equipment fell 49.78 percent compared to last year to $96.91 million.
  • Civilian aircraft, parts fell 70.15 percent compared to last year to $90.67 million.

Looking more closely at U.S. imports from Qatar:

  • Gasoline, other fuels fell 48.99 percent compared to last year to $201.89 million.
  • Returned exports, without change rose 156.74 percent compared to last year to $182.51 million.
  • Nitrogenous fertilizers fell 38.17 percent compared to last year to $162.76 million.
  • Aluminum, unwrought fell 51.21 percent compared to last year to $96.34 million.
  • Hydrogen, raw gases fell 34.31 percent compared to last year to $9.11 million.

In the latest annual figures available, Qatar recorded $8.15 billion in trade with the United States. Total U.S. exports to Qatar were $ 6.46 billion and imports from Qatar were $1.69 billion. The U.S. surplus with Qatar was $4.76 billion.