Turkey-Qatar Economic and Trade Relations

Economy of Qatar (2016)

GDP (billion USD)

156,734

Inflation rate (%)

3,8

GDP growth rate (%)

2,6

Unemployment rate (%)

0,7

Population (million)

2,2

Export (fob-billion USD)

53,494

Population growth rate (%)

9

Import (fob-billion USD)

25,553

GDP per capita (USD)

127,659

Resource: Turkish Embassy in Qatar , IMF, World Bank

Main trade partners: Japan, South Korea, India, USA, China
Main export items: Petroleum and derivatives, plastic products, aluminum and products
Main import items: Machines and devices, vehicles, electrical and electronic equipment

Bilateral Trade Statistics:

2012

2013

2014

2015

2016

Export

162,5

244

344,7

423

439

Import

177

525,5

394,5

360,9

271

Volume

339,5

769,5

739,2

783,9

710

Balance

-14,5

-281,5

-49,8

62,1

168

Resource: TUİK (Million US Dollars)

Main export items of Turkey: Vessels and yachts, electrical-electronic equipment, machines, furniture
Main import items of Turkey: Mineral fuels (LNG), aluminum and products, plastic products

Number of Qatari visitors: 35.832 (2015), 32.681 (2016)

Bilateral Cooperation Mechanisms:

- Joint Economic Commission Meetings: Turkish-Qatari 6th Joint Economic Commission meeting was held on 24-25 October 2016, in Doha. Deputy Prime Minister H.E Mehmet Şimşek and Minister of Economy and Commerce of Qatar H.E. Ahmed bin Jassim bin Mohamed Al Thani are the co-chairmen of the JEC.

- Business Council: Last meeting of the Business Council was held on 25 October 2016, in Doha.