1. Home
  2. Qatar - Turkey Relations
  3. Economic Relations

Economic Relations

  • The Qatari -Turkish economic relations witnessed a steady growth over the past few years. Despite the rapid  progress in terms of increasing the volume of trade exchange between the two countries and increasing investment, the size of economic relations is still less than what is hoped.
  • Throughout 2014, the two countries stepped up their joint efforts to raise the level of their mutual trade and increase investment to keep abreast with their excellent relations, and there had been mutual visits between the leaders of both countries and officials at the highest level (Ministers of Economy and Finance in both countries) in order to achieve that goal. In addition, several entities on both sides sought earnestly to boost  economic relations and joint investments, as well as to help businessmen from both countries to take advantage of the available business and investment opportunities.
  • The economic relations between the two countries witnessed a surge during the past five years, which led to an increase in the volume of mutual trade from QR3.4 billion in 2010, to QR6.7 billion in 2014, i.e. a 76% increase.
  • The Qatar-Turkish balance of trade in the mentioned period (2010-2014) tilted  in Qatar's favor, as shown by the QR3.4 billion in 2014 compared to QR1.8 billion in 2010. As evidenced by figures in 2014, the Qatari exports to Turkey accounted  for 1% of the volume of the exports to rest of  the world, whereas the Qatari imports accounted for 1.5% of the total imports of the State of Qatar from abroad.
  • Petroleum oils, plastics and its products come on  top of Qatari exports to Turkey, while the main Qatari imports from Turkey include iron and steel, in addition to electronic devices and woolens.
  • The Turkish government has recently demonstrated its willingness to reach agreements concerning liquid natural gas supplies, a project that is strategic in nature. Both countries have better potential  to expand their economic ties in areas such as energy, tourism, real estate, food and agriculture, in addition to contracting, construction activities, chemical products and petrochemicals.