Doha: The relations between Qatar and the United States will be on the spotlight as Amir H H Sheikh Tamim bin Hamad Al Thani is set to meet the US President tomorrow.
The growing trade volume between Qatar and US demonstrates the strength of strong relations between two countries. The trade volume between Qatar and US has reached around QR13.26bn in the first three quarters of 2021, according to the Planning and Statistics Authority data. Total imports from US to Qatar were around QR8.86bn in the first three quarters while total exports from Qatar to US were around QR4.4bn.
The trade volume in the third quarter (July, August, September) of 2021 was around QR4.2bn. In the second quarter (April, May, June), the trade volume between the two countries was QR4.42bn while in the first quarter (January, February, March) the trade volume was QR4.68bn, according to Planning and Statistics Authority data. The data regarding trade volume between Qatar and US for the fourth quarter of 2021 is not released.
The bilateral business ties between the United States and Qatar continue to solidify with the total economic relationship between them exceeding $200bn as of 2019. The US is Qatar’s largest foreign direct investor with a total of $110.6bn in FDI and is the largest single source of exports to Qatar at $6.5bn in goods in 2019, according to the US-Qatar Business Council (USQBC).
