Saudi Arabia

Saudi Arabia

Global Trade Profile β€’ Rank #26 Exporter

$301.35B

Total Exports (2023)

$204.97B

Total Imports (2023)

$96.38B

Trade Surplus

#26

Export Ranking

Trade Flow Visualization

Interactive map showing Saudi Arabia's top trading partners. Green lines represent exports, red lines represent imports.

#26

Export Rank

$301.35B

Total Exports

$204.97B

Total Imports

+$96.38B

Trade Balance

26

Trade Partners

🌍 Top Export Destinations

Top Export Products

#1Oils: petroleum oils and oils obtained from bitumi...
60.0%$180.93B
#2Petroleum oils and oils from bituminous minerals, ...
12.9%$38.90B
#3Propylene, other olefin polymers: polypropylene in...
1.6%$4.77B
#4Ethylene polymers: in primary forms, polyethylene ...
1.4%$4.36B
#5Ethylene polymers: in primary forms, polyethylene ...
1.3%$3.84B
#6Alcohols: acyclic, diols: ethylene glycol (ethaned...
1.0%$2.88B
#7Petroleum gases and other gaseous hydrocarbons: li...
0.8%$2.29B
#8Fertilizers, mineral or chemical: diammonium hydro...
0.7%$2.12B
#9Petroleum gases and other gaseous hydrocarbons: li...
0.7%$2.04B
#10Vessels: light, fire-floats, floating cranes and o...
0.5%$1.61B

πŸ“₯ Top Import Sources

Top Import Products

#1Petroleum oils and oils from bituminous minerals, ...
6.0%$12.30B
#2Metals: gold, non-monetary, unwrought (but not pow...
3.5%$7.19B
#3Vehicles: with only spark-ignition internal combus...
2.8%$5.83B
#4Telephones for cellular networks or for other wire...
2.1%$4.38B
#5Vehicles: with only spark-ignition internal combus...
2.1%$4.29B
#6Vehicles: with only spark-ignition internal combus...
2.0%$4.00B
#7Medicaments: consisting of mixed or unmixed produc...
1.6%$3.38B
#8Vehicles: with only spark-ignition internal combus...
1.4%$2.86B
#9Aeroplanes and other aircraft: of an unladen weigh...
1.1%$2.24B
#10Communication apparatus (excluding telephone sets ...
1.0%$2.15B

πŸ“ˆ Historical Trade Trends (1995-2023)

29 Years

Data Coverage

29

Data Points

πŸ“ˆ

Trend Direction

πŸ“Š Featured Analysis

Saudi Arabia is featured in our comprehensive analysis: Top 20 Oil Exporters: Interactive Maps & Trade Flows β†’

Saudi Arabia Trade Analysis 2023

πŸ“Š Overview

#26
Global Export Rank
506.32B
Total Trade Volume
2.53%
Share of Global Trade

Saudi Arabia stands as the world's #26 largest exporter and #31 largest importer, demonstrating substantial regional trade importance.

The trade profile reveals a robust surplus of 96.38 billion, indicating strong export competitiveness.

βœ“
Strong trade surplus exceeding 32.0% of exports provides currency stability and foreign reserve accumulation.
301.35B
Total Exports
204.97B
Total Imports
1.47
Export/Import Ratio

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $42.19B, generating continuous economic activity across logistics, finance, and trade services.

🚒 Export Markets

China
India
Japan
USA
United Arab Emirates
Others

Export Market Concentration

21.2%
$63.83B
11.5%$34.75B
11.5%$34.67B
5.5%$16.62B
3.2%$9.58B
3.0%$9.15B
13 others
22.4%$67.36B

Export concentration shows China as the dominant market at 21.2%. The top three markets control 44.2% of exports.

53.9%
Top 5 Markets
67.0%
Top 10 Markets
20
Total Partners

Regional patterns reveal strong East Asian integration. Secondary markets (Malaysia, Other Asia, nes, Poland) provide $39.52B in additional trade.

πŸ“¦ Import Sources

Import Source Concentration

21.2%
$43.36B
6.9%$14.06B
5.5%$11.27B
4.7%$9.54B
3.7%$7.57B
3.3%$6.80B
13 others
26.2%$53.68B

Saudi Arabia relies heavily on China for imports (21.2%),creating supply chain concentration risk.

Energy suppliers including United Arab Emirates (18.02B) collectively provide 18.02 billion or 8.8% of imports, highlighting the economy's dependence on imported energy resources.

Manufacturing inputs come primarily from China, Rep. of Korea, Thailand, Indonesia, reflecting deep integration into Asian production networks. China's dominant position at 43.36 billion encompasses electronics components, textiles, machinery parts, and consumer goods, creating both efficiency benefits and concentration risks.

The USA provides 14.06 billion (6.9%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 62.0% of total imports, with the remaining 38% distributed among 10 other suppliers.

Regional sourcing patterns reveal diversified global sourcing. European suppliers including Germany (9.54B), Italy (5.26B), France (4.71B) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with India, Thailandemerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

πŸ“¦ Product Composition

πŸš€ Export Products

Top Export Products

petroleum oils and oils obtained from bituminous m...
60.0%
$180.93B
preparations n.e.c. containing by weight 70% or mo...
12.9%$38.90B
polypropylene in primary forms...
1.6%$4.77B
in primary forms, polyethylene having a specific g...
1.4%$4.36B
in primary forms, polyethylene having a specific g...
1.3%$3.84B
3 others
2.4%$7.29B

Saudi Arabia's export economy centers on diversified industrial production, with the leading export being petroleum oils and oils obtained from bituminous minerals, crudeat $180.93 billion, accounting for 60.0% of total exports.

The automotive sector's dominance is evident in the export portfolio, with . This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 0 categories specifically related to alternative propulsion systems, totaling $0.

Beyond automotive, Saudi Arabia maintains strong positions in specialized equipment,, and Oils, Petroleum oils and oils from bituminous minerals, not crude, Propylene, other olefin polymers.

The top 20 export products collectively account for 85.5% of total exports, revealing moderate concentration with room for further diversification.

πŸ›’ Import Products

Top Import Products

preparations n.e.c. containing by weight 70% or mo...
6.0%$12.30B
gold, non-monetary, unwrought (but not powder)...
3.5%$7.19B
with only spark-ignition internal combustion recip...
2.8%$5.83B
Telephones for cellular networks or for other wire...
2.1%$4.38B
with only spark-ignition internal combustion recip...
2.1%$4.29B
3 others
5.0%$10.24B

Import requirements center on preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals at 12.30 billion (6.0%), indicating resource dependency.

Beyond energy, critical imports include gold, non-monetary, unwrought (but not p... (7.19B, 3.5%), with only spark-ignition internal combus... (5.83B, 2.8%), Telephones for cellular networks or for ... (4.38B, 2.1%), with only spark-ignition internal combus... (4.29B, 2.1%), with only spark-ignition internal combus... (4.00B, 2.0%).Electronic components and devices total 7.84 billion (3.8% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 3.38 billion (1.6%), reflecting healthcare sector demands. Metal ores and minerals contribute 1.52 billion (0.7%), feeding industrial processing capacity.

The import product mix reveals structural characteristics of Saudi Arabia's economy: integration into global electronics supply chains, food security dependencies, and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (6 : 14among top 20 products) indicates balanced import composition. Import substitution potential exists in technology sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 15 primary products to 3 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests need for capability building to enter new product categories.

βš–οΈ Trade Balance Dynamics

+96.38 billion
Trade Surplus β€’ 19.04% of total trade
PartnerExportsImportsBalance
China$63.83B$43.36B+$20.46B
India$34.75B$11.27B+$23.49B
Japan$34.67B$7.57B+$27.10B
USA$16.62B$14.06B+$2.56B
United Arab Emirates$12.58B$18.02B$-5.44B

Export-to-import ratio of 1.470 means exports cover 147.0% of import costs.

πŸ”— Key Relationships

Major Trading Partners

PartnerExportsImportsBalance
China$63.83B$43.36B+$20.46B
India$34.75B$11.27B+$23.49B
Japan$34.67B$7.57B+$27.10B
USA$16.62B$14.06B+$2.56B
United Arab Emirates$12.58B$18.02B$-5.44B
Italy$6.49B$5.26B+$1.22B
Egypt$5.63B$5.35B+$278.50M
France$5.81B$4.71B+$1.10B
Total$180.37B$109.60B+$70.78B

The Saudi Arabia-China relationship leads at 107.19 billion in bilateral trade.View detailed analysis β†’

Additional major partnerships include Japan (42.24B total trade), USA (30.68B total trade), United Arab Emirates (30.59B total trade). Regional integration through Asian supply chains facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsβ€”309.22B across top 10 partnersβ€”provides resilience against bilateral tensions and regional disruptions.

πŸ† Competitive Position

Global rankings position Saudi Arabia as the #26 exporter worldwide,within the major trading nations. The country's share of global exports at approximately 3.014%offers opportunities for market share expansion.

Export sophistication, measured by the dominance of primary commodities, indicates potential for value chain upgrading. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where Saudi Arabia's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly inpetroleum oils and oils o, preparations n.e.c. conta, polypropylene in primary . The revealed comparative advantage is strongest in product categories representing74.5% of exports. Market positioning against regional competitors shows leadership in key product segments.

Trade complementarity with major partners suggests deep integration into global supply chains. The export quality ladder, comparing unit values to world averages, indicates competitive pricing strategies.

Competitive dynamics are shaped by factor endowments including advanced technology and skilled labor, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

🎯 Strategic Outlook

ℹ️

Strategic Priority

Maintaining competitive advantages in key export sectors while exploring new markets.

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include consistent trade surpluses supporting macroeconomic stability,diversified market access reducing concentration risk, and competitive positions in essential commodities.

Vulnerabilities include product concentration in cyclical sectors. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on market diversification and value chain upgrading to enhance trade competitiveness. Opportunities exist in expanding trade with Thailand, France, Egypt, developing new product capabilities in higher technology sectors, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape Saudi Arabia's trade prospects. Success requires balanced policies addressing both maintaining export competitiveness while managing currency appreciation pressures.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, Saudi Arabia's position as the world's #26 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.

Data Notes

Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.

Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026