Qatar Trade

Subchapters:

  • Business Relationships
  • FTAs ​​and Treaties
  • Development Cooperation
  • Prospective fields of study (MOP)

Business relations

Trade relations with the EU

Qatar is extremely dependent on foreign trade. Imports cover most of the country’s needs. The main trading partners are Japan, Singapore, China, India, Brazil; from the EU then Great Britain, Germany, Belgium, Spain, Italy.

Trade exchange with the EU (million EUR)

2018 2019 2020 2021 2022
Exports from the EU (million EUR) 8,053.5 11,362.8 6,941.0 ON ON
Imports into the EU (million EUR) 5,777.6 5,816.2 3,631.6 ON ON
Balance with the EU (million EUR) -2,275.9 -5,546.6 -3,309.4 ON ON

Source: European Commission

Trade relations with the Czech Republic

Czech-Qatar trade exchange has been on an upward trend since 2010 (it has increased fivefold). In 2020, it reached an all-time high of CZK billion (+27% year-on-year); of which 95% were Czech exports to Qatar. Mutual trade statistics are somewhat distorted by re-exports (approx. 10% of turnover). The most important items of Czech exports to Qatar are machines and means of transport (75%), industrial consumer goods (12%), market products (10%). In 2020, these were the TOP 5 SITC5 items: 77262 Counters, panels, consoles, tables, cabinets, etc. for voltages above 1000V (31%), 7523 Other devices for automatic data processing (11%), 77282 Other parts (7%), 71489 Other gas turbines (6%), 7812 Motor vehicles for the transport of persons (4%), 64295 Sanitary towels, tampons, etc., of pulp, paper, cellulose wadding (3%).

Trade exchange with the Czech Republic (billion CZK)

2018 2019 2020 2021 2022
Exports from the Czech Republic (billion CZK) 2.1 2.4 3.2 ON ON
Imports to the Czech Republic (billion CZK) 0.3 0.3 0.2 ON ON
Balance with the Czech Republic (billion CZK) -1.8 -2.1 -3.1 ON ON

Source: businesscarriers.com

FTAs and treaties

Treaties with the EU

The EU has signed a Cooperation Agreement with the GCC states since 1988. Since 1990, negotiations on the creation of a free trade zone between the EU and the GCC have been ongoing, the negotiations have not yet been concluded due to the low willingness of the GCC to open its market.

Contracts with the Czech Republic

The agreement between the Czech Republic and the State of Qatar on air services was signed during the visit of Minister of Foreign Affairs Karel Schwarzenberg to Qatar on 18.1. 2012.

The following agreements between the Czech Republic and the State of Qatar are also being negotiated:

  • Investment Protection and Promotion Agreement
  • Double Taxation Agreement

Technical negotiations related to the bilateral agreement on the avoidance of double taxation were completed in 2019 and the agreement is ready for signature. Regarding the agreement on the protection and promotion of investments, technical negotiations are expected to start in 2021, if the current situation and the restrictions imposed by the COVID-19 pandemic allow.

Developmental cooperation

The State of Qatar, as a rich country, is not the addressee of development aid, but provides aid either directly or purposefully (aid to the Palestinians, aid to Lebanon after the 2006 war, aid to Darfur, victims of earthquakes and floods in various countries, etc.) or through various international organizations with global or regional scope. The amount of development aid is 0.7% of GDP per year.

Prospective fields of study (MOP)

Automotive

Škoda cars have been exported since 2002, and today they make up over 7% of Czech exports to Qatar (winning the tender for taxi cars in Doha). In the future, buses could be used here in connection with the planned development of public transport. Trucks, construction and special equipment (cleaning and spraying trucks), spare parts for cars and tires also have potential.

Energy industry

Despite some diversification, the extraction and processing of oil and especially gas remains a key economic sector. State-owned Qatar Petroleum is planning a massive expansion of the Ras Laffan LNG refinery. When completed in 2018, this petrochemical complex will become the largest of its kind in the world. Planned investments are to exceed USD 20 billion. Czech companies could apply by subcontracting seamless pipes, fittings, valves, pumps, compressors and measuring/control technology.

Construction industry

After winning the hosting of the FIFA World Cup in 2022, Qatar started a massive investment boom. By 2022, around USD 220 billion is to be invested in infrastructure projects in the areas of transport, energy, water management and housing. Projects include, for example, the construction of the national railway system including the subway (USD 25 billion), the expansion of the airport up to a capacity of 50 million passengers per year (USD 10 billion), the expansion of the port capacity (USD 7 billion), the bridging of the bay in the capital ( 1 billion USD). Czech suppliers could apply by subcontracting construction, lighting and air-conditioning equipment, cooling equipment, electrical distribution, steel structures, passenger and freight elevators, or building and insulation materials.

Agricultural and food industry

Qatar imports up to 90% of food, while their range on the local market still lags behind that of developed countries. Czech production could find application in milk (dried and condensed), baby food, powdered drinks and soups, chocolate and confectionery, health food products, food supplements (sauces, seasonings) and the like.

Other

The consumer goods market also has a steadily growing tendency in Qatar, which, in conjunction with the massive purchasing power of local consumers, creates potential for Czech suppliers. Here, too, its image, originality and interest are more important than the price of the product. There is potential here for Czech glass (drinking and decorative), jewelry and bijouterie, cosmetics (skin care, make-up), luxury textiles (dresses, lace, trims, embroidery), home accessories, artificial flowers, works of art (paintings, sculptures)., musical instruments and designer furniture.

See Industry Opportunity Map and Qatar National Vision 2030.

Qatar Trade