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'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 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 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 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 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.

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

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

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.

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]

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.

China takes up the majority of overall trade within BRICS in 2022, the economic partnership between Brazil, Russia, India, China, and South Africa. China records significant trade figures with all four other members within BRICS. Brazil and Russia focus towards the Asian country. India-South Africa, interestingly, is higher than that of India-Russia or Russia-Brazil, two relatively established partnerships. It should also be noted that several countries allegedly hope to join BRICS in the foreseeable future. These countries - notably Saudi Arabia and the UAE - are oriented towards India and China when it comes to trade. These potential applications follow amidst rumors in 2023 of the creation of BRICS currency - which would allow member countries to pay for trade without having to use the U.S. dollar.

Key information about Saudi Arabia Imports: Medicinal and Pharmaceutical Product

• Saudi Arabia Imports: Medicinal and Pharmaceutical Product was reported at 2,727,931.691 USD th in Dec 2023
• This records an increase from the previous number of 2,440,649.479 USD th for Dec 2022
• Saudi Arabia Imports: Medicinal and Pharmaceutical Product data is updated yearly, averaging 545,735.738 USD th from Dec 1995 to 2023, with 29 observations
• The data reached an all-time high of 2,727,931.691 USD th in 2023 and a record low of 79,036.953 USD th in 1996
• Saudi Arabia Imports: Medicinal and Pharmaceutical Product data remains active status in CEIC and is reported by United Nations Conference on Trade and Development
• The data is categorized under World Trend Plus’s Association: Pharmaceutical and Biotechnology Sector – Table RT.UNCTAD.MPP: Medicinal and Pharmaceutical Product: Imports Value by Individual Economies and Territories

Egypt's total Imports in 2024 were valued at US$94.70 Billion, according to the United Nations COMTRADE database on international trade. Egypt's main import partners were: China, Saudi Arabia and the United States. The top three import commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Cereals. Total Exports were valued at US$44.85 Billion. In 2024, Egypt had a trade deficit of US$49.85 Billion.

OPEC's crude oil export revenue reached 550 billion U.S. dollars in 2024, a decrease from 2023. For 2025 figures are expected to fall below 500 billion U.S. dollars. OPEC stands for the Organization of Petroleum Exporting Countries and includes countries located in Africa, South America, the Middle East, and Southeast Asia. Currently, the organization has 12 member countries. OPEC share in world oil production The formation of OPEC marked a shift away from large multinational company market control to a primarily state-based control of natural resources. The supply restrictions that began in 1970 enabled a significant increase in oil prices and thus, OPEC’s revenues. OPEC's share of global oil production is approximately 36 percent. Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day overseas. OPEC basket price outlook OPEC crude oil production can strongly impact global oil prices, especially during periods of war or upheaval. Prices of oil are largely affected by basic supply and demand. As of the first half of 2025, the average annual OPEC basket price was around 72 U.S. dollars per barrel. Low oil prices in 2024 and 2025 were largely due to less oil demand growth in China and concerns over U.S. trade tariffs.

The Gross Domestic Product per capita in Saudi Arabia was last recorded at 62676.70 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Saudi Arabia, when adjusted by Purchasing Power Parity is equivalent to 353 percent of the world's average. This dataset provides - Saudi Arabia GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pakistan's total Imports in 2024 were valued at US$56.48 Billion, according to the United Nations COMTRADE database on international trade. Pakistan's main import partners were: China, the United Arab Emirates and Saudi Arabia. The top three import commodities were: Mineral fuels, oils, distillation products; Electrical, electronic equipment and Animal, vegetable fats and oils, cleavage products. Total Exports were valued at US$32.44 Billion. In 2024, Pakistan had a trade deficit of US$24.05 Billion.