Saudi Arabia

Saudi Arabia

View Profile →
↔
United Kingdom

United Kingdom

View Profile →

Saudi Arabia-United Kingdom Bilateral Trade Analysis 2023

Complete trade statistics: $8.83B total volume •Saudi Arabia deficit: $2.04B

Saudi Arabia → United Kingdom

$3.39B

Exports (2023)

United Kingdom → Saudi Arabia

$5.43B

Imports (2023)

Trade Balance

$2.04B

Deficit for Saudi Arabia

Total Trade

$8.83B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Saudi Arabia and United Kingdom. Green line shows exports from Saudi Arabia, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saudi Arabia-United Kingdom commercial relationship and competitive positioning in global markets.

Saudi Arabia → United Kingdom Exports

$3.39B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
75.2% top product
1Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$2.55B
75.2% of exports
2Oils and other products of the distillation of high temperature coal tar: n.e.c. in heading no. 2707
$171.74M
5.1% of exports
3Ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more
$95.00M
2.8% of exports
4Aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square)
$50.43M
1.5% of exports
5Engines: reaction engines, other than turbo-jets
$45.84M
1.4% of exports
6Ethylene polymers: in primary forms, ethylene-alpha-olefin copolymers, having a specific gravity of less than 0.94
$33.55M
1.0% of exports
7Acids: unsaturated acyclic monocarboxylic acids: esters of methacrylic acid
$31.72M
0.9% of exports
8Oils: petroleum oils and oils obtained from bituminous minerals, crude
$24.07M
0.7% of exports
9Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$21.22M
0.6% of exports
10Festive, carnival or other entertainment articles including novelty jokes and conjuring tricks: other than Christmas festivity articles
$21.01M
0.6% of exports

🎯 Strategic Export Focus

Saudi Arabia's export portfolio to United Kingdom demonstrates strong diversification across multiple sectors, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.

United Kingdom → Saudi Arabia Imports

$5.43B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
21.5% concentration
1Turbo-jets: of a thrust exceeding 25kN
$1.17B
21.5% of imports
2Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$245.22M
4.5% of imports
3Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
$237.80M
4.4% of imports
4Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$222.96M
4.1% of imports
5Engines: for aircraft, spark-ignition reciprocating or rotary internal combustion piston engines
$197.16M
3.6% of imports
6Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power
$146.88M
2.7% of imports
7Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803
$131.20M
2.4% of imports
8Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543
$81.14M
1.5% of imports
9Games: video game consoles and machines, other than those of subheading 9504.30
$78.57M
1.4% of imports
10Taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves
$76.02M
1.4% of imports

📦 Import Strategy Analysis

Saudi Arabia's import pattern from United Kingdom reveals strategic sourcingin turbo-jets: of a thrust exceeding 25kn, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Saudi Arabia demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to United Kingdom, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $8.83B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Saudi Arabia-United Kingdom Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $8.83 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Saudi Arabia maintains a deficit of $2.04 billion
  • Export Focus: Saudi Arabia's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, oils and other products of the distillation of high temperature coal tar: n.e.c. in heading no. 2707, ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more
  • Import Dependencies: Key imports from United Kingdom include turbo-jets: of a thrust exceeding 25kn, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $8.83B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Saudi Arabia leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Saudi Arabia's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements United Kingdom's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in turbo-jets: of a thrust exceeding 25kn.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $8.83B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $8.83B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $8.83 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and turbo-jets: of a thrust exceeding 25kn demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Saudi Arabia's trade deficit of $2.04 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in oils and other products of the distillation of high temperature coal tar: n.e.c. in heading no. 2707 present expansion opportunities.
Market Diversification
Beyond current focus on turbo-jets: of a thrust exceeding 25kn, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Saudi Arabia and United Kingdom represents a total trade volume of $8.83 billion in 2023. This partnership demonstrates an unfavorable trade balance for Saudi Arabia, with imports exceeding exportsby $2.04 billion.

Export Strengths

Saudi Arabia's exports to United Kingdom total $3.39 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $2.55B or75.2% of bilateral exports.

Import Dependencies

Imports from United Kingdom amount to $5.43 billion, highlighting economic interdependence in turbo-jets: of a thrust exceeding 25kn, with Turbo-jets: of a thrust exceeding 25kN comprising21.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Saudi Arabia's strategic sourcing from United Kingdom. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Saudi Arabia and United Kingdom in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023