Saudi Arabia: Exports of goods and services as percent of GDP: The latest value from 2023 is 34.75 percent, a decline from 40.22 percent in 2022. In comparison, the world average is 45.64 percent, based on data from 154 countries. Historically, the average for Saudi Arabia from 1968 to 2023 is 45.59 percent. The minimum value, 24.9 percent, was reached in 2020 while the maximum of 99.7 percent was recorded in 1973.

This page displays a table with Saudi Arabia Exports By Category in U.S. dollars, according to the United Nations COMTRADE database on international trade.

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

CEIC converts monthly Total Exports into USD. General Authority for Statistics provides Total Exports in local currency. Saudi Central Bank average market exchange rate is used for currency conversions.


Further information about Saudi Arabia Total Exports

• 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

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.

Key information about Saudi Arabia Total Exports to USA

• Saudi Arabia Total Exports to USA recorded 1.098 USD bn in Dec 2024, compared with 993.180 USD mn in the previous Nov 2024
• Saudi Arabia Total Exports to USA data is updated monthly, available from Jan 2017 to Dec 2024, with an averaged value of 1.299 USD bn
• The data reached an all-time high of 2.703 USD bn in Jul 2018 and a record low of 397.253 USD mn in Oct 2020

CEIC converts monthly Total Exports to USA into USD. General Authority for Statistics provides Total Exports to USA, FOB, in local currency. Saudi Central Bank average market exchange rate is used for currency conversions.

The bar graph shows the export revenues of Saudi Arabia from 2013 to 2023. In 2023, goods worth approximately 320.02 billion U.S. dollars were exported from Saudi-Arabia.

Graph and download economic data for International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia (SAUXTEXVA01CXMLSAM) from May 2016 to Dec 2024 about Saudi Arabia, exports, and trade.

This statistic shows the main export partners of Saudi Arabia as of 2022. In 2022, China was the most important export partner of Saudi Arabia with a share of 19 percent in Saudi Arabia's total exports.

According to projections for 2024, the export volume of oil from Saudi Arabia was 7.48 million barrels per day. The total oil export volume for the entire Gulf Cooperation Council region for 2024 was projected at 14.09 million barrels per day.

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

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


Further information about Saudi Arabia Total Exports

• 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

Graph and download economic data for International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia (SAUXTEXVA01GPSAQ) from Q2 1991 to Q4 2024 about Saudi Arabia, exports, and trade.

Graph and download economic data for International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia (SAUXTIMVA01GPSAQ) from Q2 1991 to Q3 2024 about Saudi Arabia, imports, and trade.

As of 2020, Saudi Arabia exported around 276.87 million barrels of crude oil to Western Europe. This accumulated to a share of 11.3 percent of all crude oil exports from Saudi Arabia for that year. The total volume of all worldwide exports of crude oil from Saudi Arabia was 2.69 billion barrels.

Graph and download economic data for International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia (SAUXTEXVA01GYSAQ) from Q1 1992 to Q4 2024 about Saudi Arabia, exports, and trade.

Saudi Arabia’s crude oil exports in 2023 had a value of 310.6 billion U.S. dollars. This was the highest amount made by any crude oil exporting country that year and corresponded to a 16.3 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 96 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 12.9 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.

Non Oil Exports in Saudi Arabia increased to 20402 SAR Million in December from 18133 SAR Million in November of 2024. This dataset provides - Saudi Arabia Non Oil Exports- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Arabia reported that the share of its total crude oil export to Asia and far East was approximately 73.5 percent in 2020. The total volume of global export of crude oil was around 2.7 billion barrels.

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)

Arabie saoudite: Exports of goods and services as percent of GDP: Pour cet indicateur, La Banque mondiale fournit des données pour la Arabie saoudite de 1968 à 2023. La valeur moyenne pour Arabie saoudite pendant cette période était de 45.59 pour cent avec un minimum de 24.9 pour cent en 2020 et un maximum de 99.7 pour cent en 1973.

Saudi Arabia SA: Exports: % of Goods Exports: Manufactures data was reported at 17.773 % in 2016. This records a decrease from the previous number of 18.420 % for 2015. Saudi Arabia SA: Exports: % of Goods Exports: Manufactures data is updated yearly, averaging 8.416 % from Dec 1968 (Median) to 2016, with 40 observations. The data reached an all-time high of 18.420 % in 2015 and a record low of 0.086 % in 1968. Saudi Arabia SA: Exports: % of Goods Exports: Manufactures 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: Exports. Manufactures comprise commodities in SITC sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (non-ferrous metals).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted average; Merchandise export shares may not sum to 100 percent because of unclassified trade.