Saudi Arabia recorded a trade surplus of 19793 SAR Million in March of 2025. This dataset provides - Saudi Arabia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

CEIC calculates annual Trade Balance from annual Total Exports and annual Total Imports and converts it into USD. General Authority for Statistics provides Total Exports and Total Imports in local currency. Saudi Central Bank average market exchange rate is used for currency conversions.

Further information about Saudi Arabia's Trade Balance

• 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.

Saudi Arabia SA: Goods Trade: % of GDP data was reported at 51.036 % in 2017. This records an increase from the previous number of 50.199 % for 2016. Saudi Arabia SA: Goods Trade: % of GDP data is updated yearly, averaging 61.705 % from Dec 1968 (Median) to 2017, with 50 observations. The data reached an all-time high of 84.628 % in 1980 and a record low of 45.189 % in 1986. Saudi Arabia SA: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Saudi Arabia: Trade openness: exports plus imports as percent of GDP: The latest value from 2023 is 54.43 percent, a decline from 56.82 percent in 2022. In comparison, the world average is 94.91 percent, based on data from 153 countries. Historically, the average for Saudi Arabia from 1968 to 2023 is 74.22 percent. The minimum value, 47.53 percent, was reached in 2020 while the maximum of 120.62 percent was recorded in 1973.

Trade in services (% of GDP) in Saudi Arabia was reported at 12.68 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia (SAUXTIMVA01CXMLSAM) from Jan 2014 to Mar 2025 about Saudi Arabia, imports, and trade.

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.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Saudi Arabia (SAUXTNTVA01CXMLSAQ) from Q1 1991 to Q1 2025 about Saudi Arabia and trade.

Thailand Exports to Saudi Arabia was US$2.85 Billion during 2024, according to the United Nations COMTRADE database on international trade. Thailand Exports to Saudi Arabia - data, historical chart and statistics - was last updated on July of 2025.

Germany Exports to Saudi Arabia was US$9.53 Billion during 2024, according to the United Nations COMTRADE database on international trade. Germany Exports to Saudi Arabia - data, historical chart and statistics - was last updated on July of 2025.

United States Trade Balance: Saudi Arabia data was reported at -1.258 USD bn in Aug 2018. This records a decrease from the previous number of -1.065 USD bn for Jul 2018. United States Trade Balance: Saudi Arabia data is updated monthly, averaging -395.150 USD mn from Jan 1985 (Median) to Aug 2018, with 404 observations. The data reached an all-time high of 1.294 USD bn in Nov 1998 and a record low of -6.440 USD bn in Jul 2008. United States Trade Balance: Saudi Arabia data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

As of 2024, the exports from Saudi Arabia to the United States valued at around 47.96 billion Saudi riyal. During that year, the leading export market by value for Saudi Arabia was China, the United States ranked sixth.

Saudi Arabia SA: Exports: fob: USD data was reported at 221.661 USD bn in 2017. This records an increase from the previous number of 183.607 USD bn for 2016. Saudi Arabia SA: Exports: fob: USD data is updated yearly, averaging 43.910 USD bn from Dec 1958 (Median) to 2017, with 60 observations. The data reached an all-time high of 388.371 USD bn in 2012 and a record low of 885.333 USD mn in 1958. Saudi Arabia SA: Exports: fob: USD data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Saudi Arabia – Table SA.IMF.IFS: Trade Statistics: Annual.

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

CEIC calculates monthly Total Imports Growth from monthly Total Imports. General Authority for Statistics provides Total Imports in local currency.


Further information about Saudi Arabia Total Imports Growth

• 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

This statistic shows the main import partners of Saudi Arabia in 2023. In 2023, China was the most important import partner of Saudi Arabia with a share of 21 percent in Saudi Arabia's total imports. Saudi Arabia's trade policy Imports have been increasing steadily in Saudi Arabia over the last few years, but reduced a bit in the last year. This is likely due to the country having less disposable income because of falling crude oil prices in the region, resulting in slight reductions in export revenue. At present, the main import partners for Saudi Arabia include China, the United States, India, Germany, South Korea and Japan. All of these countries are located outside of the region, just like the leading export recipients. Almost all of Saudi Arabia’s import partners are also the country's main export partners, with the exception of Germany and Singapore. In general, it is obvious that Saudi Arabia supports bi-lateral trade opportunities on an international scale, but exclusively with countries from outside the region. This has been a source of resentment from neighboring countries, who have opposed the role of the United States in the Middle East, for example. Presently, with the war in Syria, tensions are rising due to differing opinions about what to do and who to support in the region - especially regarding relations with Iran. While these tensions will most likely not affect Saudi Arabia’s established trading relationships, they could cause further instability in the region and throughout the world.

Trade (% of GDP) in Saudi Arabia was reported at 54.8 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Saudi Arabia's total Exports in 2023 were valued at US$320.02 Billion, according to the United Nations COMTRADE database on international trade. Saudi Arabia's main export partners were: China, Japan and India. The top three export commodities were: Commodities not specified according to kind; Plastics and Organic chemicals. Total Imports were valued at US$206.94 Billion. In 2023, Saudi Arabia had a trade surplus of US$113.08 Billion.

The value of imports from Saudi Arabia in Canada decreased by 1.4 billion dollars (-41.54 percent) since the previous year. Nevertheless, the last two years recorded a significant higher value of imports than the preceding years.

This statistic shows the main export partners of Saudi Arabia as of 2023. In 2023, China was the most important export partner of Saudi Arabia with a share of 21 percent in Saudi Arabia's total exports.