Qatar's merchandise trade balance, which represents the difference between total exports and imports, recorded a surplus of QR12.5bn in November.
This marks a decline of QR4.2bn, or 25.1%, compared with the same month in 2024, and a decrease of approximately QR1.1bn, or 7.9%, compared with October 2025.
According to data released by the National Planning Council, the total value of Qatar's exports - including domestically produced exports and re-exports - amounted to QR24.5bn in November. This represents a decline of 8.7% compared with November 2024 and a decrease of 4.7% compared with October 2025.
Meanwhile, the value of merchandise imports rose in November 2025 to about QR12bn, reflecting an increase of 18% compared with the same month in 2024, and a decrease of 1.1% compared with October 2025.
A comparison between November 2025 and November 2024 shows a decline in exports of "petroleum gases and other gaseous hydrocarbons" - which include liquefied natural gas (LNG), condensates, propane, and butane - to approximately QR12.9bn, down 18.7%.
Exports of "crude petroleum and oils obtained from bituminous minerals" fell to nearly QR3.9bn, a decrease of 7.8%, while exports of petroleum oils and oils obtained from bituminous minerals other than crude declined to about QR2.3bn, down 1.3%.
In terms of export destinations, China ranked as Qatar's top export market in November 2025, with exports valued at approximately QR4.4bn, accounting for 18% of total exports. India followed with about QR2.9bn, or 11.9%, while the United Arab Emirates ranked third with roughly QR2.1bn, representing 8.7% of total exports.
Comparing November 2025 with November 2024, the category of "motor cars and other motor vehicles principally designed for the transport of persons" topped the list of merchandise imports, with a value of QR1bn, reflecting a sharp increase of 72%. This was followed by jet engines, turbo-propellers, gas turbines, and their parts, valued at approximately QR0.9bn, down 9.9%, and electrical apparatus for line telephony or line telegraphy, including network transmission equipment and parts, valued at about QR0.5bn, up 28.3%.
Regarding imports by country of origin, China ranked first among Qatar's main import partners in November 2025, with imports valued at QR2bn, accounting for 16.5% of total merchandise imports. The US came second with QR1.9bn, or 15.7%, followed by Italy with QR0.6bn, representing 5.2% of total imports.
