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Qatar
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Population as of 2020: 2.7 million 136 of 193
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Region: Middle East
Nominal G.D.P. in 2024: $217.98 billion 54 of 193
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Top Exports
Qatar exported approximately **US$88.6 billion** worth of goods in 2024, and its economy remains one of the most export-concentrated in the world, dominated by **liquefied natural gas (LNG), crude oil, and petrochemicals**. | Rank | Export Product | Estimated Export Value (USD) | | ---- | --------------------------------- | ------------------------------: | | 1 | Liquefied natural gas (LNG) | **~US$40–45 billion** | | 2 | Crude petroleum oil | **~US$25–30 billion** | | 3 | Petroleum gases (other than LNG) | **~US$5–7 billion** | | 4 | Refined petroleum products | **~US$3–5 billion** | | 5 | Fertilizers (especially urea) | **~US$2.5–3.5 billion** | | 6 | Petrochemicals | **~US$2–3 billion** | | 7 | Ethylene polymers (polyethylene) | **~US$1.5–2.5 billion** | | 8 | Ammonia | **~US$1–2 billion** | | 9 | Aluminum and aluminum products | **~US$1–1.5 billion** | | 10 | Naphtha | **~US$800 million–1.2 billion** | | 11 | Steel products | ~US$500–900 million | | 12 | Industrial gases | ~US$400–700 million | | 13 | Methanol | ~US$300–600 million | | 14 | Sulfur | ~US$300–500 million | | 15 | Plastic products | ~US$200–500 million | | 16 | Organic chemicals | ~US$200–400 million | | 17 | Paraffin waxes | ~US$100–300 million | | 18 | Cement and construction materials | ~US$100–250 million | | 19 | Copper and metal products | ~US$50–200 million | | 20 | Miscellaneous manufactured goods | ~US$50–150 million | *Values are rounded estimates derived from Qatar's 2024 export structure and commodity export data.* Key Takeaways * 🔥 **LNG is Qatar's most important export** * Qatar was one of the world's largest LNG exporters in 2024, exporting more than 77 million tonnes of LNG and accounting for nearly 19% of global LNG exports. * 🛢️ **Oil and gas dominate** * LNG, crude oil, petroleum gases, and refined petroleum products together account for roughly **80–90% of export earnings**. * 🌱 **Qatar is a major fertilizer exporter** * Urea and ammonia are among the world's most competitive Qatari exports thanks to abundant natural gas feedstock. * 🧪 **Petrochemicals are a major secondary industry** * Polyethylene, methanol, industrial gases, and other chemical products generate billions in export revenue. * ⚠️ **One of the world's most concentrated export economies** * Few countries are as dependent on hydrocarbons as Qatar. Energy-related products overwhelmingly dominate exports. Top Importers of Qatar's Exports (2024) | Rank | Country | Imports from Qatar (USD) | | ---- | -------------------- | -----------------------: | | 1 | China | **US$18.9 billion** | | 2 | South Korea | **US$12.8 billion** | | 3 | India | **US$11.2 billion** | | 4 | Japan | **US$6.7 billion** | | 5 | Singapore | **US$6.7 billion** | | 6 | United Arab Emirates | **US$6.0 billion** | | 7 | Pakistan | **US$3.7 billion** | | 8 | Thailand | **US$3.1 billion** | | 9 | Italy | **US$2.8 billion** | | 10 | Kuwait | **US$2.3 billion** | *Just outside the top 10:* Bangladesh (~US$2.2 billion), United States (~US$1.5 billion), and Belgium (~US$1.2 billion). Key Patterns * 🇨🇳 **China was Qatar's largest export customer** * Imported nearly **US$19 billion** of Qatari goods, primarily LNG, crude oil, and petrochemicals. * 🇰🇷 🇮🇳 🇯🇵 **Northeast and South Asia dominate** * South Korea, India, and Japan are among the world's largest LNG importers and rely heavily on Qatari energy supplies. * 🔥 **LNG drives the rankings** * Qatar is one of the world's leading LNG exporters. Major LNG customers in 2024 included China, South Korea, India, Pakistan, Italy, Japan, and Thailand. * 🌏 **Asia accounted for the overwhelming majority of exports** * More than three-quarters of Qatar's exports went to Asian markets. * 🛢️ **Energy products dominate trade** * LNG, crude oil, petroleum gases, and petrochemicals account for the vast majority of export earnings.
