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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
QatarQatar Balance of Trade climbed to 18.4B in December 2024
FMPMonthlyReleased February 2025
Qatar Balance of Trade climbed to 18.4B in December 2024, released February 2025, up 1.7B from November's 16.7B reading. The print exceeded the 17.3B consensus by 1.1B. Balance of Trade has now risen for 3 consecutive months. Over the past 3 months, Balance of Trade averaged 15.9B, vs 19.2B in the prior 3-month window. The reading is in the 57th percentile of the trailing 24-month range.
Latest Release
18.4
Actual
17.3
Consensus
16.7
Previous
Median Absolute Error
±1.92 billion
across last 12 releases
Last Call
Feb 2025
Predicted: 15.8
Actual: 18.4
Error: -2.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Qatar) was reported at 18.40 billion in February 2025. This beat the market consensus of 17.30 billion by 1.10 billion. The reading rose from the previous value of 16.70 billion.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 16.73 billion, down from the prior three at 19.20 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 1.93 billion.
Auto-generated from current model state · Refreshes on each release · Last update February 2025.
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Balance of Trade - QA
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About Balance of Trade — Qatar
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 18.4 B, consensus 17.3 B. Prior reading (Dec 2024): 18.4 B. Before that (Nov 2024): 16.7 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.