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Key information about Saudi Arabia Total Exports
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Key information about Saudi Arabia Total Exports
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TwitterThe bar graph shows the export revenues of Saudi Arabia from 2014 to 2024. In 2024, goods worth approximately ****** billion U.S. dollars were exported from Saudi-Arabia.
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TwitterThis 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.
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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.
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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.
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TwitterThe 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.
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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]
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TwitterIn 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.
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TwitterChina takes up ************ 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.
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TwitterThe euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in September 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 gathered 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.
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TwitterSaudi 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.
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TwitterOPEC'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.
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Key information about Saudi Arabia Imports: Medicinal and Pharmaceutical Product
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TwitterThe United States had a market share of over 40 percent in international arms exports between 2020 and 2024. The second-largest suppliers of major weapons worldwide were France and Russia, accounting for 10 and eight percent of exports over the observed period, respectively. The United States, Russia, and France contributed 60 percent of major weapons exports between 2020 and 2024. Leading military spending countries Three decades after the end of the Cold War and the fall of the USSR, the United States is, by far, the largest defense spender in the world, even though the U.S. defense outlays have decreased since the peak of the Iraq and Afghan wars. However, China has increased military spending in the past decade, becoming the second-largest spender in the world, signaling a possible shift in the global balance of military power, and several European NATO members have increased military spending significantly after the outbreak of the Russia-Ukraine war. Leading military importers Meanwhile, the market share of imports shows India and Saudi Arabia are the largest buyers. Saudi Arabia also spends the third most on its military as a percentage of gross domestic product, with Ukraine first.
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Ekspor: Barang TIK Arab Saudi dilaporkan sebesar 3,156,037.870 USD th pada 2023. Rekor ini naik dibanding sebelumnya yaitu 1,157,867.646 USD th untuk 2021. Data Ekspor: Barang TIK Arab Saudi diperbarui tahunan, dengan rata-rata 399,892.499 USD th dari 2000 sampai 2023, dengan 23 observasi. Data ini mencapai angka tertinggi sebesar 3,156,037.870 USD th pada 2023 dan rekor terendah sebesar 3,935.619 USD th pada 2019. Data Ekspor: Barang TIK Arab Saudi tetap berstatus aktif di CEIC dan dilaporkan oleh United Nations Conference on Trade and Development. Data dikategorikan dalam Association: Electronic Sector World Trend Plus – Table RF.UNCTAD.ICT: ICT Goods: Total: Export Value.
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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.
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Key information about Saudi Arabia Total Exports