Key information about Saudi Arabia Total Exports

• Saudi Arabia Total Exports recorded 25.1 USD bn in Dec 2024, compared with 24.2 USD bn in the previous month
• Saudi Arabia Total Exports data is updated monthly, available from Jan 2015 to Dec 2024, with an averaged value of 21.9 USD bn
• The data reached an all-time high of 39.2 USD bn in Jun 2022 and a record low of 10.0 USD bn in May 2020

• In the latest reports, Saudi Arabia Total Exports dropped 2.8 % YoY in Dec 2024
• Total Imports recorded 21.1 USD bn in Dec 2024, which registered an increase of 27.1 % year on year
• Saudi Arabia Trade Balance recorded a surplus of 73.3 USD bn in Dec 2024

Key information about Saudi Arabia Total Imports

• Saudi Arabia Total Imports recorded 21.1 USD bn in Dec 2024, compared with a value of 20.6 USD bn in the previous month
• Saudi Arabia Total Imports data is updated monthly, available from Jan 2005 to Dec 2024, with an average number of 11.8 USD bn
• The data reached an all-time high of 21.1 USD bn in Dec 2024 and a record low of 4.3 USD bn in Mar 2005

• In the latest reports, Saudi Arabia Total Imports grew 27.1 % YoY in Dec 2024
• Total Exports dropped 2.8 % YoY, to 25.1 USD bn in Dec 2024
• Saudi Arabia Trade Balance recorded a surplus of 73.3 USD bn in Dec 2024

The bar graph shows the export revenues of Saudi Arabia from 2013 to 2023. In 2023, goods worth approximately ****** billion U.S. dollars were exported from Saudi-Arabia.

Key information about Saudi Arabia Total Exports to China

• Saudi Arabia Total Exports to China recorded 3.267 USD bn in Dec 2024, compared with 3.634 USD bn in the previous month
• Saudi Arabia Total Exports to China data is updated monthly, available from Jan 2017 to Dec 2024, with an averaged value of 3.884 USD bn
• The data reached an all-time high of 6.553 USD bn in Mar 2022 and a record low of 1.732 USD bn in Mar 2020

This graph shows the growth in the U.S. import volume of trade goods from Saudi Arabia from 1985 to 2023. In 2023, U.S. imports from Saudi Arabia amounted to approximately 15.88 billion U.S. dollars.

Key information about Saudi Arabia's Trade Balance

• Saudi Arabia's Trade Balance recorded a surplus of 73.3 USD bn in Dec 2024, compared with a surplus of 113.1 USD bn in the previous year
• Saudi Arabia's Trade Balance data is updated yearly, available from Dec 1957 to Dec 2024, with an averaged value of 27.1 USD bn
• The data reached an all-time high of 233.1 USD bn in Dec 2011 and a record low of 308.7 USD mn in Dec 1957

• In the latest reports, Saudi Arabia's Total Exports reached 25.1 USD bn in Dec 2024, a decrease of 27.1% YoY (year-on-year)
• Total Imports recorded 21.1 USD bn in Dec 2024, an increase of 27.1% YoY (year-on-year)

This statistic shows the trade balance of goods of Saudi Arabia from 2013 to 2023. In 2023, Saudi Arabia's trade balance surplus amounted to approximately ****** billion years. Saudi Arabia's economic state Saudi Arabia’s positive trade balance dropped during the economic crisis, recovered thereafter, but has faltered somewhat in the past couple of years. This is likely due to a loss in export income associated with falling crude oil prices in the region. This has affected the economy and is expected to increase the country’s national debt. As a major oil producer and exporter, on the one hand Saudi Arabia needs to maintain international relations related to the export of its most precious resource, and on the other hand it needs to preserve stability in the region. For the most part, the country has been able to do so. Due to large oil reserves throughout the region, Saudi Arabia’s most important export partners include China, the United States, Japan, South Korea, India and Singapore. As one of the main oil producers worldwide and ranked among the countries with the largest GDP, Saudi Arabia remains one of the key players in the Muslim and Arab world. It is also home to the birthplace of the Muslim Prophet Mohammed, giving the country a special significance. However, as tension rise with Iran, an uneasy relationship based in religion, politics and history, preserving stability in the region and international relations may become a challenge.

Key information about Saudi Arabia Total Imports Growth

• Saudi Arabia Total Imports grew 27.1 % YoY in Dec 2024, compared with a decrease of 19.4 % YoY in the previous month
• Saudi Arabia Total Imports Growth data is updated monthly, available from Jan 2006 to Dec 2024, with an averaged rate of 9.7 %
• The data reached an all-time high of 55.8 % in Feb 2012 and a record low of -32.1 % in May 2020

• In the latest reports, Saudi Arabia Total Imports recorded 21.1 USD bn in Dec 2024
• Total Exports reached 25.1 USD bn in Dec 2024, which registered a decrease of 2.8 % year on year
• Saudi Arabia Trade Balance recorded a surplus of 73.3 USD bn in Dec 2024

Key information about Saudi Arabia Total Exports

• Saudi Arabia Total Exports dropped 2.8 % YoY in Dec 2024, compared with a decrease of 4.5 % YoY in the previous month
• Saudi Arabia Total Exports Growth data is updated monthly, available from Jan 2016 to Dec 2024, with an averaged rate of 0.1 %
• The data reached an all-time high of 110.5 % in May 2021 and a record low of -57.0 % in Apr 2020

• In the latest reports, Saudi Arabia Total Exports recorded 25.1 USD bn in Dec 2024
• Total Imports recorded 21.1 USD bn in Dec 2024, which registered an increase of 27.1 % year on year
• Saudi Arabia Trade Balance recorded a surplus of 73.3 USD bn in Dec 2024

The Gross Domestic Product (GDP) in Saudi Arabia was worth 1237.53 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Saudi Arabia represents 1.17 percent of the world economy. This dataset provides - Saudi Arabia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Saudi Arabia decreased to 90549 SAR Million in November from 92914 SAR Million in October of 2024. This dataset provides - Saudi Arabia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The bar graph shows the import volume of Saudi Arabia from 2013 to 2023. In 2023, goods worth approximately ****** billion U.S. dollars were imported to Saudi Arabia.

Saudi Arabia Maritime Less-than Container Load Freight Forwarding Market size was valued at USD 0.14 Billion in 2023 and is projected to reach USD 0.18 Billion by 2030, growing at a CAGR of 3.06% from 2024 to 2030.Saudi Arabia Maritime Less-than Container Load Freight Forwarding Market OutlookThe e-commerce sector in Saudi Arabia has been experiencing rapid growth in recent years. Factors such as increased internet penetration, a young population, and government support have contributed to this growth. The rise of e-commerce platforms, both local and international, has led to a surge in online retail sales. This has resulted in increased demand for efficient logistics and freight forwarding services, including LCL shipments. E-commerce in Saudi Arabia is experiencing steady growth, with the total number of registered firms reaching 36,330 in the third quarter of 2023, an annual increase of 12%. Riyadh topped the list with 14, followed by Makkah at 9,275 and the Eastern Province at 5,866.The growth in registrations is primarily attributed to the emergence of technology-driven sectors, including fintech, telemedicine, and custom software development. The retail industry in Saudi Arabia has been dramatically impacted by the proliferation of e-commerce, with online sales increasing almost 60% annually across all categories. The most vital e-commerce position is in the media products and apparel and footwear segments. Cross-border trade has expanded significantly in recent years, driven by globalization, trade liberalization efforts, and advancements in logistics and transportation infrastructure. This growth has opened opportunities for freight forwarders in Saudi Arabia, particularly those specializing in maritime LCL shipments, as businesses engage in international trade.

Saudi Arabia’s crude oil exports in 2023 had a value of ***** billion U.S. dollars. This was the highest amount made by any crude oil exporting country that year and corresponded to a **** percent share of global crude exports based on value. What is crude oil and who are the largest producers? Crude oil is unrefined petroleum that is made up of hydrocarbons as well as other organic materials. It is a fossil fuel that can be refined to create products such as transportation and heating fuels, as well as plastics, resins, solvents, and lubricants. It is a nonrenewable resource, meaning that there is a limited amount of it on Earth and it cannot be replaced naturally at the same rate as our current global consumption. Global oil production stands at nearly ** million barrels per day. Oil production in Saudi Arabia It follows that as the greatest exporter based on value, Saudi Arabia is also one of the world’s largest oil producers. As of 2023, the Middle Eastern country and OPEC member state accounted for a **** percent share of oil produced, second only to the United States. As the U.S. is also the country with the highest oil consumption worldwide, it uses more oil domestically and exports less than its competitors. The U.S. export value was roughly half that of Saudi Arabia.

Imports in Saudi Arabia decreased to 73652 SAR Million in November from 76674 SAR Million in October of 2024. This dataset provides - Saudi Arabia Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The global polypropylene import and export values dropped to **** billion U.S. dollars in 2023 from **** billion U.S. dollars in 2022. This decline highlights the volatility in the plastics market and its sensitivity to global economic conditions. Despite this overall decrease, polypropylene remains a crucial material in various industries, including packaging, automotive, textiles, and consumer goods. Leading players in the polypropylene market China emerged as the top importer of polypropylene in 2023, bringing in **** billion U.S. dollars worth of the material, followed closely by Turkey with polypropylene imports valued at almost *** billion U.S. dollars. On the export side, Saudi Arabia led the pack with exports valued at nearly *** billion U.S. dollars, while South Korea secured the second position with exports exceeding *** billion U.S. dollars. These figures underscore the global nature of the polypropylene trade and the importance of key players in shaping market dynamics. Broader context of plastics and rubber trade The polypropylene market is part of the larger plastics and rubber industry, where the United States and China play significant roles. The United States was the leading importer of plastics and rubber in 2023, accounting for almost ** percent of global imports, followed by China at **** percent. Conversely, China dominated exports, representing about **** percent of global plastics and rubber exports. This broader context illustrates the interconnectedness of various plastic materials in international trade and the prominent positions held by major economies in shaping the industry landscape.

Myanmar Total Trade: YTD: Saudi Arabia data was reported at 10.498 USD mn in Jun 2024. This records an increase from the previous number of 6.673 USD mn for May 2024. Myanmar Total Trade: YTD: Saudi Arabia data is updated monthly, averaging 55.439 USD mn from Oct 2016 (Median) to Jun 2024, with 87 observations. The data reached an all-time high of 176.675 USD mn in Mar 2018 and a record low of 2.944 USD mn in Apr 2023. Myanmar Total Trade: YTD: Saudi Arabia data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under Global Database’s Myanmar – Table MM.JA011: Trade Statistics: Year-To-Date: Monthly: By Country. [COVID-19-IMPACT]

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

In fiscal year 2023, the value of trade India had with the United Arab Emirates was about ** billion U.S. dollars. In comparison, the country of Saudi Arabia had a trade value of over ** million U.S. dollars with India that year.

In 2023, retail sales in Saudi Arabia were estimated at ***** billion U.S. dollars. By 2028, the volume of retail sales in the country was forecast to increase to approximately ***** billion U.S. dollars.